BUSINESS ECONOMY

Romanian economic mission to visit India next spring

According to the agreement reached by the Romanian Economy Minister and Her Excellency Riva Ganguly Das (photo L), the Ambassador of India to Bucharest, a Romanian economic mission will visit India in the spring of 2016. The goal of the action is to more insistently stimulate contacts between the businessmen of the two countries.
Although India is an important partner for our country in Asia, bilateral relations are still below potential.
India is a very important commercial partner, bearing in mind its market’s high capacity for absorption, a market that registers a growth rate of 8-10 per cent, which puts it among the fastest-growing developing economies. India’s technological potential is also worth noting.
In the first 8 months of 2015, bilateral trade stood at USD 351.78 M, and the trade balance improved, being the most balanced in the last 7 years.
Romanian exports to India grew by 5.28 per cent year-on-year, from USD 166.75 M to USD 175.5 M. Imports from India dropped by 12.6 per cent, from USD 201.7 M in the first 8 months of 2014 to USD 176.2 M during the same period this year.

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