While the monthly trade deficit in India blipped to a low $11 bln aftera horrendous October deficit of $19 bln, the overlal export numbers remained robust at $107 bln. for the 8 months from April 2011. Earlier reported numbers have been readjusted after the government admitted a series of errors in reporting data but is still a robust $192.7bln for the eight months. That is a growth of 33% oin Exoports year on year. Growth after September has been capped at 20-25% and lower capping the annual growth in Exports. Imports continue to rise unabated however unlike China and Europe where fiscal discipline carries more coin. India's 8 months imports are a hefty $300 bln adding more than 1% to the Crrent deficit, already a high 2.5%

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