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

To contact the editor responsible for this story: Stephanie Phang at

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