India Expects Jump in High-Tech Imports
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India's space agency said Thursday its removal from a U.S. export restriction list earlier this month could result in a threefold import increase of high technology equipment from the United States.
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India&#39;s software exports are on track to grow by 30 percent in the year to March 2005, despite attempts in the key US market to discourage outsourcing and protect jobs, the industry&#39;s head said on Monday.
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Trade between ASEAN and India is on track to more than double to reach $30 billion dollars by 2007, Foreign Minister Natwar Singh said on Sunday.
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Shipments of personal computers this year will be higher than previously anticipated, boosted by demand from businesses, research firm IDC said Monday.
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Indian firms are increasing their IT budgets an average of 13 percent this year, far more than the global average of 3.3 percent, research company Gartner said Wednesday.The country&#39;s domestic IT market is also forecast to grow at a five-year compound annual growth rate (CAGR) of 20.3 percent, reaching $24.3 billion by 2011.While there are fears of a global recession, India is showing rapid growth, said Peter Sondergaard, global head of research at Gartner, in a conference call.The increased spending by Indian CIOs is directed primarily towards building new business capabilities, with 30 percent of IT spending allocated to business growth and 19 percent to business transformation, Gartner said.Indian enterprises will make heavy investments in bringing the base infrastructure up to global standards, said Partha Iyengar, Gartner&#39;s head of research in India.A key problem for Indian CIOs is attracting and retaining quality staff, as they are competing with Indian and multinational IT services companies, Iyengar said.India&#39;s IT services market is forecast to grow to $10.73 billion by 2011 at a five-year CAGR of 23.2 percent, propelled by Indian companies that are outsourcing some of their work to other Indian and multinational companies due to staff shortages, Gartner said in January.
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Analysts expect worldwide shipments of mobile devices to continue to grow at huge rates.
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NEW DELHI: India&#39;s merchandise exports in November 2004 have registered a record increase of 26% over the same month last year.
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Shipments of personal computers  this year will be higher than previously anticipated, boosted  by the strongest demand from businesses in five years, research  firm IDC said on Monday.
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Gordon Brown is due to arrive in India on his trip to boost links with the world's fastest-growing economies.
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Prime Minister Manmohan Singh said India's economy would grow by 7.5 percent annually over the next decade and could be one of the world's biggest economies in the next generation.
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The strong growth in exports is due to improvement in India's competitiveness and the addition of new services.
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Exports of German high-tech goods   rose 10 percent in the first half of 2006, helped by a sharp   rise in exports to neighboring Poland, but German demand for   high-tech imports, especially from China, grew faster.
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Global air travel is set to be boosted by an increase in travel between Europe and Asia, thanks to growth in both China and India.
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US industry is increasingly turning to countries like Mexico and China for its manufacturing, and to India for high-end services like computer programming.
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Microsoft is to open a research lab in India early next year, further extending the international reach of what has become one of the technology industry&#39;s biggest research bases.
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Indian shares, Asia's second top performers last year, are poised for long-term gains as foreign investors buy into the market, seeing the country as an economic "growth story," according to analysts.
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NEW DELHI The chief executives of Microsoft and Intel are visiting India this week, underscoring the country&#39;s importance as a source of skilled software workers and a growing local market.