Breaking News

Tweet TWEET

Khullar Says India Trade Deficit Could Narrow, WSJ Reports

India can cut its trade deficit by 19 percent in the current financial year if oil prices stabilize, the Wall Street Journal reported, quoting Commerce Secretary Rahul Khullar.

The deficit could be reduced to about $150 billion in the year ending March 2013 from the previous year’s $185 billion, the report said.

To contact the reporter on this story: Unni Krishnan in New Delhi at ukrishnan2@bloomberg.net.

To contact the editor responsible for this story: Stephanie Phang at sphang@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.