View from Mumbai's financial district
There are several “Indias” and making comparisons between China and India is a “futile parlour game”.
That was the message from Ireland’s ambassador to India, Ken Thompson, when he addressed a group of Irish business people who were in Mumbai last night for the Entrepreneur of the Year programme. (more…)
Ireland did €1 billion in trade with India in 2009, up 7 per cent on the previous year. When signing a bilateral free trade agreement last month Minister for Enterprise, Jobs and Innovation predicted 10 per cent growth between now and 2015.
But contrast that with China where bilateral trade was worth €3.2 billion in the first 11 months of 2009 alone. Despite the dismal economic situation exports to China grew 14.6 per cent during that period and we had out first ever trade surplus with the Asian country. In fact we were one of the few EU countries to maintain growth in our exports to China during the recession. (more…)
