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India's exports to grow 12-15%: Nath

February 14, 2009

Minister of commerce and industry Kamal Nath said on Friday that India's exports, which have been hit hard by the slowdown in global markets, will grow 12-15 per cent in the current fiscal year, which ends in March.

Nath also said the 51 percent cap for foreign direct investment in retailers offering one brand of goods will also remain. No foreign direct investment is allowed in retailers offering a variety of brands.

Also read: Meltdown: Thousands of jobs to go globally!

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