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Export data overstated by $9.4 bn, says govt

4% rise in exports in November while imports go up 29%. The government on Friday admitted to a blunder that shocked many within core administrative circles and far outside it: its report on the export data during April-October is in excess by as much as $9.4 billion, resulting in a margin of error of 5.52 per cent. The faux pas happened on the part of the department of commerce functioning under the commerce and industry ministry. Commerce secretary Rahul Khullar, while revealing this, was candid, but not particularly ruffled. “I have always maintained that these are provisional and ...