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India's trade deficit is forecast to widen in the 2010/11 fiscal year as its rebounding economy raises demand for manufacturing and oil imports, while the euro zone debt crisis hits exports, mainly in software.
A wider deficit would pressure the partially convertible rupee, which has lost more than 5 per cent from its 2010 peak of 44.18 to the US dollar.
India's trade deficit was $117.3 billion in 2009/10, down from $118.7 billion in 2008/09. But a Reuters survey in April forecast the gap would widen to $132.70 billion in 2010/11 and $154.50 billion in 2011/12.
Friday, July 2, 2010
India's trade deficit to widen to 154 billion in 2011/12
Thursday, July 1, 2010
Worst Economies of World
Well I have already posted about the best economies of world, If you have not read that post here is the link Best economies of world, Now I thought why not post about the worst economies of world, So here I start....
| Country Name | Rank |
| Zimbabwe | 1 |
| Democratic Republic of Congo | 2 |
| Guinea | 3 |
| Sierra Leone | 4 |
| Nicaragua | 5 |
| Burundi | 6 |
| Eritrea | 7 |
| Liberia | 8 |
| Ghana | 9 |
| Madagascar | 10 |
the list is based on forbes.com work
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