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Exports in FY11 seen at $200 bn: trade secretary

Exports in FY11 seen at $200 bn: trade secretary
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First Published: Mon, Nov 15 2010. 02 35 PM IST
Updated: Mon, Nov 15 2010. 02 35 PM IST
New Delhi: Indian exports could touch $200 billion in the current fiscal year to end-March and Asia’s third-largest econony’s trade deficit will not top $135 billion, trade secretary Rahul Khullar said on Monday.
India’s exports in October rose an annual 21.3% to $18 billion, while imports for the month grew 6.8% on the year to $27.7 billion, Khullar said earlier.
India’s trade deficit in August had widened to a 23-month high of $13.06 billion and Khullar had said the deficit could touch $135 billion for the year to end-March 2011, higher than his earlier forecast of $120 billion.
India is targeting close to 15% export growth in the current fiscal.
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First Published: Mon, Nov 15 2010. 02 35 PM IST
More Topics: India | Economy | Trade | Exports | Imports |