India's trade deficit narrowed to $17.7 billion in December as against $19.3 billion in November .
The Cumulative Trade Deficit for the first nine Months has reached to USD 147 Billion as against USD 137 Billion for the same period last year
India exports has been degrowing since last eighth straight month . In Dec Eports totalled $24.88 billion down 1.9 percent which is the highest in the last Nine Months and Imports up by 6.3 percent at $42.5 billion.
For the first three quarters of this fiscal year ( FY 13 ) ending in December , exports totalled $214.1 billion, down 5.5 percent from a year ago. India Target is USD 350 Billion for FY 13 as it had registered USD 300 Billion in FY12
With the announcement of few export incentive in the recent past it is expected that Export will grow in the last three Months of this fiscal year . Interest subvention scheme has been extende for one year and new product has been added to FPS scheme .
The Cumulative Trade Deficit for the first nine Months has reached to USD 147 Billion as against USD 137 Billion for the same period last year
India exports has been degrowing since last eighth straight month . In Dec Eports totalled $24.88 billion down 1.9 percent which is the highest in the last Nine Months and Imports up by 6.3 percent at $42.5 billion.
For the first three quarters of this fiscal year ( FY 13 ) ending in December , exports totalled $214.1 billion, down 5.5 percent from a year ago. India Target is USD 350 Billion for FY 13 as it had registered USD 300 Billion in FY12
With the announcement of few export incentive in the recent past it is expected that Export will grow in the last three Months of this fiscal year . Interest subvention scheme has been extende for one year and new product has been added to FPS scheme .
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