0129 IST, Thursday, July 24, 2014 
Business/Industry
India - a new marketplace for luxuryShopping malls may be waiting for customers as the world economy faces a major downturn, but luxury and branded goods have found a new home in India, a country that has for decades been stereotyped for its poverty. |
India warns against 'green label' protectionismBy Arun KumarIndia has cautioned the developed world against attempts to introduce "protectionism under green label" as it would only complicate efforts to evolve a "fair and equitable" global regime on climate change. |
India has been one of the fastest growing free-market democracies in the world even in the wake of one of the worst economic crises in six decades. Its $1.2 trillion economy is expected to have grown 6-7 percent during the fiscal year ended March 31, 2009. This growth has come on the back of nearly 9 percent expansion over the past four years. 
