NEW DELHI, December 28 – BUSINESS STANDARD – Japanese Prime Minister Yoshihiko Noda today arrived in India for a agenda-packed short visit which include entering into a $10-billion currency swap agreement and reviving a civilian nuclear deal. In his first engagement this evening, the dignitary expressed his commitment to enhancing security and economic ties between the two countries. About 800 Japanese companies operate in India. In 2010-2011 Japanese foreign direct investments totalled $3.62 billion. Moreover, the India-Japan bilateral trade has shown a robust increase of 24 per cent at $13.2 billion during January-September on the back of Comprehensive Economic Partnership Agreement (CEPA). Significantly, Japan has given access to Indian pharmaceutical products. – BUSINESS STANDARD – The Deloitte report titled ‘Driving through BRIC markets – Lessons for Indian car manufacturers' analyzing the impact of macro-economic conditions in similar growth markets, has observed fundamental factors like upward income migration of households, increasing urbanisation and an expected lower interest rate scenario will boost car sales in India. It was observed that per capita disposable income (PCDI), urbanisation and car density have been the top three indicators of car sales growth in India. – BUSINESS STANDARD – The sensitive items are those which impact farmers and small-scale industries and increase in their imports can hurt these sectors. Imports of products of small-scale industries such as umbrellas, locks, toys and glassware too went up by 46.3%, compared to the year-ago period. Automobile imports jumped by 92% in April-September, in the same period last year. Import of sensitive items accounted for 4.6% of the country's total imports during the period. Sensitive-items imports from Indonesia, China, Malaysia, Germany, the US, Canada, Japan, Thailand and the UK have gone up, while those from Myanmar and Australia have fallen. – FINANCIAL EXPRESS – Economic think-tank Centre for Economics and Business Research (CEBR) has said in its latest World Economic League Table report that India, the world's 10th biggest economy in 2011, would become the fifth largest by 2020. The CEBR report has named the US as the worlds biggest for 2011, followed by China, Japan, Germany and France in the top five positions. – EXIM NEWS SERVICE – IN view of the surge in the prices of gold and diamonds, the Gems and Jewellery Export Promotion Council (GJEPC) expects exports to maintain the 15 per cent growth trajectory and touch $ 49.5 billion this fiscal. According to GJEPC, exports aggregated $ 43 billion in the 2010-11 fiscal. Exports of gems and jewellery climbed 15.5 per cent to $ 29.1 billion in April-November this fiscal compared to the same period of last year. A point to be noted is that India mainly imports gold and rough diamonds in large quantities and re-exports value-added items like jewellery.