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Trade deficit can balloon to $262 bn: Assocham

Read more on:    Assocham
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Contrary to some conservative projections, industry body Assocham said on Monday it expects India’s trade deficit to increase sharply by over 40 per cent to $262 billion in the current financial year in the face of exports facing headwinds in the western markets. If the trade scenario unfolds, according to the Assocham projections, the rupee would come under further pressure.

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18% VGS 2011 projects dropped: Govt

The Gujarat government on Wednesday said that over 18 per cent of the projects, for which memorandums of understanding (MoUs) were signed during the ...

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