Exports continued their healthy growth in September growing 36% but even as the trade deficit came back to $9.8 bln in September and imports grew by 20% only, the trade deficit is galloping to a $42 bln gap for the year at a $10 bln over run per quarter

The growth in exports, verified to an extent by data on port shipments (RBI:Governor's Interview on B-UTV) is a welcome addition of $6 bln to India's topline everymonth, coming to $24.8 bln in September after a $18 bln September 2010 

Going by Q1 's example, as also Q2, 2 out of 3 months in the December quarrter may end up reporting a $15 bln deficit in trade each

India now expects to triple its global trade by 2025 and even pip China as largest trading partner in the Middle East (Abu Dhabi) according to a HSBC rade conference in Abu Dhabi. Trade with Abu Dhabi is expected to grow to 100 bln and India's overall trade bill $977 bln / $1T

Posted via email from The India Investment Post