The trade deficit makes up an important part of the current account deficit, which had touched an all-time high of 4.8 per cent in 2012-13.
There is too much focus on building, infrastructure, the number of teachers (as opposed to quality), number of laboratories and so on, says Vineet Gupta.
Investors remain cautious ahead of F&O expiry.
Shares of ING Vysya Bank and Kotak Mahindra Bank rallied by up to 6% on the BSE on reports that Kotak Mahindra Bank in final stages to buy the bank.
Decades of a state-owned monopoly selling coal at a fixed price has taken its toll on production.
With EU, it is part of the FTA that we will need to negotiate.