India, Malaysia trade up 40pct

A spurt in tourism and merchandise trade has helped boost bilateral trade between Malaysia and India. Trade was at an all-time high of $12.5 billion in 2011, up 40 per cent from the previous year. The growth was chiefly attributed to the burgeoning economies of both nations and strengthening bilateral trade, according to a statement by Matrade, Malaysia’s trade promotion agency. An exponential rise in the tourism also helped enhance the bilateral relationship. Over the last 10 years, trade has seen average growth rate of over 15.6 per cent annually.

http://www.thehindubusinessline.com/industry-and-economy/article3613813.ece

 

Category: Malaysia