Recession 'forcing girls into work':
The global economic crisis could force more girls out of education
and into child labour, experts have warned as World Day Against
Child Labour is marked globally.....
The Associated Chambers of Commerce and Industry of India (Assocham)
said that over two lakh Indian workers, mainly those working in real
estate and construction business, in the Gulf state are likely to be
affected by the recent Dubai Crisis.
While releasing a paper on Indo-Gulf Business Opportunities, former
President of the Assocham Anil K Agarwal said that impact of the
Dubai crisis would adversely affect the Indians working in real
estate and construction sector in the wake of debt problem in the
confident that the other Emirates states would come forward to
support the Dubai crisis to bail them out, Agarwal said adding that
the "the impact is only for the time being."
Agarwal said that a high-powered Assocham delegation will be
visiting some of the Gulf countries including Kuwait, Saudi Arabia
and United Arab Emirates in the next two months as the Gulf
countries had shown interest on investments in the Special Economic
Zones in India.
Agarwal said that the total FDI flow from Gulf
Cooperation Council (GCC) into India was around $17 billion during
the last fiscal.
The paper has projected that Indo-Gulf Trade by 2012 can reach to
the extent of $100 billion with the signing of Free Trade Agreement
between India and GCC, reports PTI.
During 2007-08 Indo-Gulf trade was estimated at $67
billion, Agarwal added.