With imports rising at a scorching over 33 per cent but exports losing steam in April-August, India seems to be heading for an all-time high trade gap of USD 135 billion this fiscal. India's trade deficit--difference between imports and exports--in April-August of 2010-11 is USD 56.6 billion. (This) comes to roughly a trade deficit of USD 11.2 billion per month and that comes to USD 135 billion (for the fiscal). Now that will be very very large, Commerce Secretary Rahul Khullar told reporters here. The estimated trade gap in 2009-10 was USD 102 billion and for 2008-09 at USD 118 billion.
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA and BBA institutes in Delhi, Gurgaon (NCR).
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