India Trade deficit

India has been in Trade deficit since long time. Although Government is trying its best to spur the Export but it is never enough. The fiscal Incentive given in the form of Duty Draw back and promotional incentive given in the form of FMS & FPS has never acted as an inducement for rising Export. What Indian Exporter require more and that too urgently is infrastructure for faster and timely delivery of their Goods and honoring commitment given to the Buyer . For an average Exporter of India Exporting Goods is a big challenge as lot of challenges are faced till the Goods reach the Buyer place. India need to develop World class Ports dedicated corridor for Transporting Goods from all over the Country to Ports , Excellent material handling equipments etc .A lot & lot need to be done in the Infrastructure space.  On the other hand India Import is rising due to two factors recently. Indian Crude Import is a major chunk of the total Import constituting 25%. The rise in USD rate against INR has also increased the value of the Import. Since the beginning of this financial year India Export is very impressive except the October month data. India is expected to reach USD 300 Billion Export in FY12. Although Export has grown it is not reducing the Trade deficit. We hope the alarming Trade deficit of the Month October will not happen in the remaining five Months of this fiscal year. October Trade deficit is the worst in last 17 years. The Trade Deficit was 19.6Billion USD. The Engineering sector which has been performing exceedingly well in the Current Fiscal year is not likely to do well in the coming Months due to poor business situation in USA and Europe. The widening Trade deficit is putting additional pressure to Rupee against Dollar. Rupee has depreciated substantially since last 4~5 Months and may touch 52 by end of December 2011.India is expecting Trade deficit of USD 150 Billion in this fiscal year