India's export story is starting to lose sheen. Exports have grown just 11% in October, while imports have surged over 20%, a development that pushed trade deficit to record high of USD 20 billion.
Despite the downtrend in exports, commerce secretary Rahul Khullar says, the USD 300 billion target for FY12 is still within reach. However, he warns that if something untoward happens, either in US or in Europe or elsewhere, then the knock-off and contagion effects will hit everybody. In an interview to CNBC-TV18Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
