Policy deficit

In 2010, India had the world's third largest merchandise trade deficit, at $ 107 billion, behind only the US ($ 691 billion) and the UK ($ 154 billion). This ranking might change for the worse when the World Trade Organisation (WTO) comes out with the next edition of its International Trade Statistics. The reason is India's latest trade deficit – the gap between its goods exports and imports – for April-November. At $ 116.84 billion, it is well over a quarter more than the $ 93 billion for the corresponding eight months of 2010-11. 

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