Management

Fall in exports has slowed, says Sharma

The government today said though the exports affected by the global slowdown are hovering in the negative zone, the slide has slowed. - Govt slaps Rs 32 cr penalty on telcos for unverified users - Centre to invest Rs 9,000 cr in Vizag Steel expansion - Ketan Parekh moves SC seeking permission to travel abroad - Nalco to invest Rs 25,000 cr despite profit drop - Financial city to initially attract banking, insurance - RNRL asks SC to dismiss govt"s petition on RIL gas India"s exports are declining since October 2008, but the steep fall has been somewhat arrested, Commerce and Industry minister Anand Sharma told reporters here. The contraction in overseas sales has fallen below 20 per cent in August, while it was over 33 per cent in March and April. Sharma said that the global scenario was dismal and WTO has projected that the world trade would shrink by 9 per cent to 10 per cent. Since the major economies were still in recession, exports would suffer, the minister said.

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