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Indeed, this model is being rolled out in other sectors.

Industrial output expanded 6.8 percent year-on-year in May, slower than the 7-percent rise the previous month but still faster than the 6-percent increase in March, according to data from the National Bureau of Statistics.

In the twelve-month period ending March 31, the number of active buyers was 628 million.

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Indian Prime Minister Narendra Modi and his ruling Bharatiya Janata Party's President Amit Shah celebrate victory in the country's general election in New Delhi on Thursday. [Photo/IC]

Industry insiders are particularly encouraged by the removal of the current tax-free limit of 8,000 yuan for a single product, which in effect extends the duty-free cap for an item to 100,000 yuan.

Indications are that such a shift is already happening as multinational companies are no longer focusing on just sourcing top professional talent from outside, but also deploying more resources to enhance the skills of their employees through multi-job training, overseas mobility, talent cultivation and incentive programs.

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Indian laws do not bar people from contesting election on character grounds unless they have been convicted of an offense attracting a jail sentence of two years or more.

Industry data show only 1 percent of property owners pay tax on rental income. That's because the residential market sees a lot of direct informal deals between landlords and tenants.

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India's production was shrinking at a year-on-year rate of 11 percent in the three months from April to July, according to figures published on Tuesday.

Industrial robot maker Kuka launched its first indigenously developed robot at the fair. The product, available for purchase worldwide, can be used in various industries including the electronics sector, which usually have high operational accuracy requirements, said Hao Wenbin, a manager with Kuka China.