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Bilateral trade between India and Africa is set to double in the next five years from the current level of $53 billion, with sectors such as transport equipment, services, health and agriculture projected to drive the growth.
Indian inflation eased slightly in September, official figures have shown, in line with market expectations, according to the BBC:
The wholesale price index rose at an annual rate of 9.72% in September, compared with 9.78% in August.
Despite the slight slowdown, analysts still expect India's central bank to increase interest rates one more time this year to try to calm price rises.
The Reserve Bank of India has raised its core interest rate, called the repo rate, 12 times since March 2010.
The most recent increase was announced on 16 September, when the repo rate was raised by 25 percentage points to 8.25%.
The central bank is next meeting on 25 October.
The wholesale price index is the most closely watched guide to inflation in India because it covers more products than the consumer price index.
August's inflation rate was a 13-month high.
India's continuing high inflation has sparked a number of protests across the country.
BBC News - Indian inflation eases slightly but remains high
The leaders signed bilateral deals on gas reserves and pipelines
India joins ivy club of wine producers
NEW DELHI:India is to formally join the wine producers club with the Union Cabinet expected to ratify the agreement for becoming a member of the Paris-based International Organization of Vine and Wine (OIV).
The move by agriculture and food processing ministries will benefit India, which after becoming a member of OIV will have access to all scientific information available with the international group, widely recognized for its competence in work related to vines, wine, wine-based beverages, table grapes and raisins.
While India will be the 45wine producing nation to become a member of the organization, India is the ninth biggest producer of grapes worldwide and is seen as one of the growing wine markets.
After formally joining the club, India can participate actively in its activities and regulate a sector which is rapidly developing. This will also help India secure its consumers and facilitate international trade, a food processing ministry official said, adding that the move will also help in developing the wine industry in the country.
The government along with grape growers and winemakers decided to join the club to make their voice heard worldwide in the wine sector. OIV is the main intergovernmental scientific and technical organization with internationally recognised competence in the domains of vine, wine and other vine-derived products.
Around 71,400 hectares of the country's vineyards are mainly oriented towards production of table grape, which in 2008 reached some 15,940 quintals. The vineyards are mainly located in three regions of Maharashtra, which is the home state of agriculture minister Sharad Pawar, besides Himachal Pradesh and Karnataka.
India joins ivy club of wine producers - The Economic Times