Indiaâ€™s appetite for energy will continue to drive change in the sub-continentâ€™s mining sector and create new opportunities for Australian businesses despite the global economic downturn, according to Austradeâ€™s New Delhi-based senior trade commissioner Peter Linford.
Speaking at Indiaâ€™s largest mining industry event, the International Mining and Machinery Exhibition (IMME 2008), held in Kolkata from November 5-8, he said: â€œIndia is not affected as much by the global financial crisis as other markets including China.
â€œIt's a much more domestically driven economy, relying less on exports as a percentage of the GDP. According to the IMF, Indiaâ€™s exports as a percentage of GDP were 21.2%, nearly half that of Chinaâ€™s at 40.7%.
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