January - Current Affairs - Economy

U S Economy Grows 2.8 %in Q Y

The U S economy grew at its fastest pace in one – and -a -half years in the fourth quarter , rebuilding of stocks by businesses and week spending on capital goods hinted  for the shole of 2012,the economy grew 1.7 % after expanding 3 % the prior year .

$ 5 – Billion Loss : Goods Made in India, Faked in China

Chinese manufacturers are increasingly “ faking “ popular Indian products of consumer goods giants such as Dabur and ITC, undermining the legitimacy of brands and causing losses worth as much as $ 5 billion annually, officials said.

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