Changing China set to shake world economy, again

BEIJING/LONDON: Long after concerns about tightening US monetary policy have faded, a more profound issue will still dog global policymakers: how to handle the second stage of China's economic revolution.

The first phase, industrialisation, shook the world. Commodity-producing countries boomed as they fed China's endless appetite for natural resources. Six of the 10 fastest-growing economies last decade were in Africa.

China's flood of keenly priced manufactured goods hollowed out jobs in advanced and emerging nations alike but also helped cap inflation and made an array of consumer goods affordable for tens of millions of people for the first time.

Bengal's Durga Puja industry to touch Rs.40,000 crore in 2015

Kolkata, Sep 9 (IANS) West Bengal's Durga puja industry is growing at a compound annual growth rate (CAGR) of about 35 percent and is expected to touch Rs.40,000 crore by 2015 from its current size of Rs.25,000 crore, according to an industry lobby Monday.

"Despite falling rupee, rising inflation and slowdown in the economy, the large business industries are targeting high profits margins during Durga Puja in West Bengal which is growing at a compound annual growth rate (CAGR) of about 35 percent," revealed a latest survey by the Associated Chambers of Commerce and Industry of India (ASSOCHAM).