สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 3 พฤษภาคม 2555
25,00,000 jobs created in labour intensive sectors: Government
Over 25,00,000 jobs were created in the country between October 2008-December 2011 in selected labour intensive and export oriented sectors, like textiles.
Labour and Employment Minister Mallikarjun Kharge said the government has been continuously assessing the effect of global economic slowdown on employment situation in India since 2008.
The Labour Bureau conducts quarterly quick employment surveys in selected labour intensive and export oriented sectors like textiles, metals, gems and jewellery, automobiles, transport, IT/BPO, leather and handloom/power loom.
The minister said the data collected under quick surveys were intended to estimate the effect of global economic slowdown on employment in the country.
(Source: Economic Times, Hindu Business Line, Press Trust of India, World News)
Bajaj Auto manages to regain its number 2 position in April
Bajaj Auto managed to regain its number two position in April and overtook Honda Motorcycle and Scooter India (HMSI), as the second largest two-wheeler maker behind Hero Motocorp.
In April, Bajaj Auto sales stood at 2, 00,228 units and HMSI at 1, 93,197 units.
In March 2012, HMSI for the first time overtook Bajaj Auto as the second-largest player in the country's two-wheeler market. In March, Bajaj Auto recorded sales of 210383 units and HMSI posted sales of 212812 units.
(Source: Economic Times, Times of India, Hindu Business Line, World News)
Direct selling in India to reach $ 54, 215 million size by 2014-15: Report
Direct selling business in India is expected to reach a size of $ 54, 215 million by 2014-15 on the back of increased consumer spending, according to a report.
According to the report by Indian Direct Selling Association (IDSA) and PHD Chamber in 2010-11, the sales of numerous direct selling companies in India like Amway, Tupperware and Oriflame was estimated at $ 26, 145 million.
Though the growth of the industry varies across its different segments like organised and unorganised sections, overall the industry is slated to grow at an average of more than 20 per cent in the next four years.
Direct selling is the marketing and selling of products directly to consumers away from a fixed retail location.
IDSA's member list includes 18 global and Indian companies like Amway, Avon, HUL, Jafra Ruchi Cosmetics, Oriflame and Tupperware.
(Source: Economic Times, Indian Express, Times of India, Hindu Business Line, World News)
Fiat cuts India distribution tie with Tata Motors
Italian carmaker Fiat is to set up its own car dealer network in India to grow sluggish sales, ending a six-year distribution agreement with Tata Motors.
Fiat said on Wednesday the move should help build its business in India, a booming market where foreign producers Ford, Honda and Nissan have recently acted to take more control of their own operations.
It currently sells the Linea, Palio and Punto models in India, and aims to introduce more brands from a portfolio which includes Alfa Romeo, Chrysler, Dodge and Jeep.
A partnership producing Fiat and Tata cars and also engines and powertrains at a plant in Ranjangaon, remains in place, the two companies said. In its five years of operation, the joint venture has produced 190,000 cars and 337,000 power trains. Both partners have indicated that changes were in the works.
(Source: Tribune India, Deccan Chronicle, Reuters India, Indiatimes)
Economic Section
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