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How Global Headwinds Are Slowing Indian Growth

Dec. 19 (Bloomberg) -- India hasn’t been spared the effects of the recession and the recent slowing of global growth.

Weak Chinese imports in particular have had a distinctly negative impact on suppliers such as South Korea, Taiwan, Indonesia, Australia and Brazil. In the 2010-2011 fiscal year, India’s trade gap with China jumped to $28 billion, its largest shortfall with a trading partner.