South Korea, India and Indonesia also reported growth in the export sector.

Hongbin Qu, HSBC's chief economist in China, said that the strong increase in industrial activity pointed to strong growth in GDP in the first quarter of 2010.

But rising prices also point to increased inflationary pressure which is likely to require more stringent measures for the upcoming months, he said.

Now, it is frequently discussed if the focus of the global economy will be Brazil, Russia, China and India when we begin to recover from the recession.

These countries have done well during the crisis and many international companies have turned to these markets for establishments. The reasons for this has been primarily to reduce costs, increase demand for their products and access to the big future markets that are available here.

The Indian government also reported that exports increased by 9.3 percent to 14.6 billion dollars in December from the previous year.

A previous article from Establishing Abroad showed that Swedish companies have great hopes for the future in India and that the majority of companies want to expand their presence in the country.


                                                                                       Cecilia Helland