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Untapped business avenues in rural India

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GIRT Hamburg and Bremen Chamber of Commerce invite to an insightful event on 21st Nov. 2013

Photo courtsey: Ministry of Rural Development, Govt. of India

Latest data suggest that India is again set on a growth track. Away from media limelight India’s hinterland has emerged as a key driver of economic growth. A recent report in the Economic Times (4th October 2013) said, “India Inc’s rural champions have probably never had it so good”. “At a time when the rest of India Inc is either groaning under heavy debt or struggling to sell in a sluggish market,” the report said, “companies with heavy rural focus are literally licking their lips in anticipation of a surge in demand in India’s villages and towns.” The news items also quoted a Deutsche Bank report saying that “years of above-average rainfall have increased rural prosperity and stock markets have responded by pushing up prices of companies with a strong rural presence.”

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IMF sees signs of moderate economic recovery for India in 2014

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Hamburg (Oct. 8, 2013). The International Monetary Fund (IMF) released yesterday new World Economic Outlook (WEO), which sees slowdown in economic growth for most major econmies this year. On a positive note it expects the growth to resume an upward trend in the next year. The Executive Summary states:

World Economic Outlook: Transitions and Tensions (October 2013)

„Global growth is in low gear, the drivers of activity are changing, and downside risks persist. China and a growing number of emerging market economies are coming off cyclical peaks. Their growth rates are projected to remain much above those of the advanced economies but below the elevated levels seen in recent years, for both cyclical and structural reasons.“

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Some interesting, new figures on tourism in India

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„In 2012, India received 6.58 million foreign tourists, up 4.3 per cent over the previous year. India’s foreign exchange earnings in 2012 from tourists were USD 17.74 billion, showing an increase of 7.1 per cent year on year.

„India’s share in the international tourist receipts in the year 2012 was 0.64 per cent with overall ranking of 41. The country’s share in international receipts in the year 2012 was 1.65 per cent with overall rank of 16.

„Foreign exchange earning from tourism during January to August 2013 were USD 12.025 billion with a growth of 6.7 per cent, as compared to USD 11.273 billion year on year.“

The same report also suggests that India is considering granting visa-on-arrival, amongs others, for German citizens.

Source: „India intends to extend visa on arrival for 40 countries including US and UK“ (Oct. 6, 2013, NDTV.com)

Speech Manuscripts of the Senate Reception to the India Week Hamburg 2013

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bild-india-week-logoFollowing some requests by members of German-Indian Round Table (GIRT) Hamburg we are making available speech manuscripts of the Senate Reception to the India Week Hamburg 2013:

Hindi language trip to India

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University of HamburgThe Department of Indian and Tibetan Studies, University of Hamburg, Germany, in cooperation with the Mahatma Gandhi International Hindi University, Wardha, India, offers a language trip to India, from February 10th – 28th, 2014 for students and non-students of Intermediate and advanced level Hindi who are interested in improving and enhancing their proficiency in Hindi.

Download detailed information & the registration form, as PDF, 588 KB

For any further information:
Dr. Ram Prasad Bhatt
University of Hamburg
Dept. of Culture & History of India & Tibet
Alsterterrasse 1. 20354 Hamburg. Germany
Tel: 040-42838-3388, -3385; Fax: 040-42838-6944
Email: Ram.Prasad.Bhatt@uni-hamburg.de
Web: www.aai.uni-hamburg.de/indtib/Sprachen.html