INSIDE THIS ISSUE
   
   
   
  01 MAIN
   
   
  02 TRADE & ECONOMY
   
   
  03 INVESTMENT UPDATE
   
   
  04 NEWSMAKERS
   
   
  05 INFOTECH
   
   
  06 CULTURE
   
   
  07 TRAVEL
   
   
  08 CALENDAR
   

   
  HIGHLIGHTS
   
 

India as a new Medical Transcription hub
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  Textiles and Handicrafts
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  Goa
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  02. TRADE AND ECONOMY
   
 
  India as a new Medical Transcription hub
  According to Indian Medical Transcription Industry Association (IMTIA), the medical transcription industry is holding great potential, with the US, UK and Australia emerging as new sources of business. The market in India is growing at the rate of 50 per cent annually, presently standing at USD 250 million.
 
 

  The size of the global medical industry is estimated to be around USD 12 billion and India could play a leading role in view of the tremendous human resources available.

The Medical Transcription (MT) industry in India currently employs around 20,000 people and compared with other BPO activities such as call centre jobs, the attrition rate in MT sector was less.

  The size of the business generated by the MT industry annually in India was estimated at $250 million that was a fraction of the global MT industry's business volume of $12 billion.

In India, Bangalore, Hyderabad and Delhi are prominent centres for the MT industry but now the business is seen shifting to smaller cities such as Pune, Kochi and Coimbatore. The industry is witnessing a 50 per cent annual growth in the country.
   
 
   
 

Car exports up

The Automobile Industry witnessed a growth of 15 percent in April 2006 when compared to April 2005.

Domestic Sales
The Passenger Car sales rose by 16.59 percent to touch 74,536 units during Apr 06 as against 63,932 units during April 05. Utility Vehicles (UVs) sales grew by 10.59 per cent during the same month with 15,179 units against 13,726 units. The cumulative growth of overall Passenger Vehicles
during the month was 14.87 percent.

The Two Wheeler segment grew by 12 per cent during Apr 06 with 605,181 units sold against 540,373 in Apr 05 with Motorcycles and Mopeds growing at 16.90 per cent and 14.27 per cent respectively. Three

  Wheelers sales stood at 26,595 as against 21,827 showing a growth of 21.84 per cent where Goods carriers grew by 20.58 percent and passenger Carrier grew by 22.79 percent during the month. The highest growth in the auto sector during this month was witnessed in the Medium and Heavy Commercial fVehicles where sales grew by 84 per cent to touch 17,621 units against 9,577 units. Light Commercial Vehicles segment also performed well with a growth of 48.42 per cent.
In overall terms, the domestic sales of the Automobile Industry registered a growth of 14.12 per cent.

Exports
Overall automobile exports grew by 28.39 percent to 59,132 units in Apr 05. With a 48 per cent growth in exports to 10,705 units, Passenger Vehicles led the charge. Two Wheeler manufacturers exported 47,950 units, up 21.51 per cent. Commercial Vehicles grew at 26 per cent to 2251 units.		  
     
  India economy: Export growth accelerated further
According to JM Morgan Stanley Indian exports rose 27 per cent in April. Other regional countries' export growth decelerated to 18 per cent in April from 20 per cent in March and 23 per cent in February. India's exports had risen at an average of 17 per cent in the previous fiscal year ended March 2006.

A.T. Kearney ranks India top
India was given the top ranking in management consulting company A.T. Kearney's 2006 Global Retail Development Index (GRDI). India has emerged as the world's most attractive destination for mass merchant and food retailing, maintaining its 2005 position in an annual study of retail investment attractiveness among 30 emerging markets. China was ranked fifth in this year's tally, declining one more place since 2005. 		 
     
   
   

MAIN I TRADE & ECONOMY I INVESTMENT UPDATE I NEWSMAKERS I INFOTECH I CULTURE I TRAVEL I CALENDAR

     
 
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