Thursday, February 24, 2011

(Reuters, Feb 23, 2011) - The Indian government raised "serious concern" on Wednesday about a trade deficit that could more than double to $278.5 billion in three years and may cause an unsustainable current account deficit.The trade deficit of Asia's third-largest economy could widen to 12.8 percent of gross domestic product (GDP) by 2014 from 7.2 percent in this fiscal year on current trends,

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