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Union Minister Suresh Prabhu takes charge of commerce & industry ministry

Prabhu is taking charge of the commerce department at a time when export growth is waning

Press Trust of India  |  New Delhi 

Suresh Prabhakar Prabhu
Suresh Prabhu

Union minister today took charge of the commerce and industry ministry.

His predecessor has been elevated as the Defence Minister.


is taking charge of the commerce department at a time when export growth is waning. Export growth fell to an eight-month low of 3.94 per cent in July, while trade deficit widened to USD 11.44 billion on account of high gold

The Department of Industrial Policy and Promotion (DIPP) under the ministry deals with foreign direct investment (FDI) related matters.

The in the first quarter of 2017-18 soared 37 per cent to USD 10.4 billion.

First Published: Mon, September 04 2017. 12:49 IST
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