BRIEFING - ASIA ECONOMIC NEWS - JAN 14, 2005.

(From Asia Pulse)

An executive briefing on the economies of Asia for Jan 14, 2005, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia based wire with exclusive news, commercial intelligence and business opportunities.

INDIA'S GDP GROWTH TO AVERAGE AT 5% FOR THE NEXT 50 YRS

KOLKATA - The country's GDP growth would average five per cent per annum for the next 50 years, the secretary of the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Ashok Jha said.

Jha, who was speaking at the CII Partnership Summit here today, said that India's share in the world GDP would reach 16 per cent from the present two in the next few years.

INDIA, JAPAN DISCUS ECONOMIC COOPERATION, TAX REFORM

NEW DELHI - India and Japan today discussed ways of improving economic cooperation, including tax matters, to boost investment and growth in the two countries.

Japanese Minister for Economic & Fiscal Policy H Takenaka today called on Finance Minister P Chidambaram and discussed wide …