Annual Salary hike

Companies that participated in the surveys forecast an annual salary hike of 12 per cent, resulting in real wage increase of 7 per cent, and this is the highest raise among the 45 countries surveyed. Not just India, large parts of Asia have jumped on to the bandwagon of bigger, better pays! The five highest real salary hikes this year are all expected in Asia: China, Indonesia, the Philippines and Thailand.

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

High Momentum

The high momentum in these visits has resulted in a number of MoUs and pacts such as the COMESA (Com- mon Market of Eastern and Southern Africa) between the two countries to bolster trade. And most recently, on January 6, Indian Commerce and Industry Minister Kamal Nath and visiting Mauritius Minister of Foreign Affairs and International Trade, Madan Murlidhar Dulloo, discussed the proposed Comprehensive Economic Cooperation Partnership Agreement (CECPA) and ways to end the deadlock at the World Trade Organisation (WTO) in New Delhi. However, still the trade between the two is formidable, with India just exporting goods and services worth $199.43 million in 2005-2006 and soaking in Mauritian exports worth $7.33 million in return. But what’s interesting is the ever increasing numbers of Indian corporate setting up bases in Mauritius, which includes the Bank of Baroda, Life Insurance Corporation, Indian Oil Corporation, New India Assurance, State Bank of India International; to name a few.

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative