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India Min: Expects Foreign Direct Investment Above $18 Billion In Fiscal YearNEW DELHI -(Dow Jones)- India's Trade Minister Anand Sharma Sunday said that both foreign direct investment and portfolio flows into the country will individually exceed $18 billion in the current financial year that ends in March. Sharma said that the slump in India's exports have been arrested and exports were likely to grow from January. He was speaking at the sidelines of the India Economic Summit. India's merchandise exports fell 13.8% from a year earlier in September to $ 13.60 billion, falling for the 12th straight month, the Commerce Ministry said Tuesday. -By Abhrajit Gangopadhyay and Subhadip Sircar, Dow Jones Newswires; 91 22 61456113; djn.in@dowjones.com (END) Dow Jones Newswires 11-08-090328ET Copyright (c) 2009 Dow Jones & Company, Inc. |
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