India's trade deficit will widen till March 2011 and is likely to be between $115 billion and 125 billion, a top DGFT official said.
Imports too contracted during the month by 7.61 per cent to $37.9 billion.
India's exports increased 3.79 per cent to $26.75 billion in January, helping the trade deficit to narrow to $9.92 billion.
Concerned over decline in gold exports from SEZs following ban on its trading, the government has allowed units in these zones to export gold items after a minimum value addition of 3 per cent.
Many economists say only a substantial rise from October would point to a real recovery.
Exports in May 2012 stood at $24.77 billion.
The case is related to the alleged irregularities in granting clearance by the Foreign Investment Promotion Board to INX Media, once owned by Peter and Indrani Mukherjea, for receiving overseas funds to the tune of Rs 305 crore.
The iconic Waheeda Rehman tells Subhash K Jha why she refused her most memorable role in Guide until...
The chargesheet names 14 accused, including the Congress leader's son Karti Chidambaram, Peter Mukherjea and Indrani Mukerjea.
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