Minister: India's exports to improve in the next few months.

By bne IntelliNews December 11, 2009
According to news agency PTI , Commerce and Industry Minister Anand Sharma stated in Parliament on Wednesday that India's exports were likely to improve in the next few months. Sharma said that the rate of contraction in the country's exports had declined to a single-digit level in October from 38.9% in May. Sharma claimed that the improvement was mainly attributable to measures taken by the government and by the central bank. According to Sharma, India's exports are expected to increase by 15% y/y in fiscal year 2010-11 (April to March).

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