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Japan:
Second India-Japan strategic dialogue on economic issues
China:
India-Brazil-South Africa to cooperate in health sector
South Korea:
South Korea Gives US Beef The All Clear
India:
Indian government approves re-structured APDRP
Pakistan:
Restoration of Indo-Pak dialogue to push trade
Singapore:
India-Brazil-South Africa to cooperate in health sector
Thailand:
Fastest Growth for Thailand Economy in Six Quarters
Taiwan:
Taiwan Enjoy Expanded Trade Surplus
Indonesia:
Central Bank Chief Of Indonesia Detained
Malaysia:
Malaysia economy grows and banking liberalises
RBI reports increased credit for operations
by Brian TurnerIndian businesses were seeking credit faster in 2004 than they have since the 1990s. This demand for credit came from businesses such as automobile parts manufacturers as well as from the more usual suspects, such as software suppliers and IT services.
According to the Reserve Bank of India (RBI), much of the demand for credit came from Indian companies preparing to expand their operations overseas. Between April 2004 and January 2005 borrowing by medium and large-sized companies went up by Rs322 billion ($7 billion).
By contrast borrowing the year before amounted to Rs 17 billion. The RBI says that although the bulk of the demand came for capital from big businesses such as construction and manufacturing, demand for retail and consumer credit were also a factor in the growth.
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