Indian exports up 10%
h India’s exports grew by 10.29 percent on a yearly basis to $23.81 billion in August, official data released on Friday.
The main categories of Indian exports are engineering, petroleum, chemicals and textiles, according to data released by the Ministry of Commerce, Xinhua reported.
Meanwhile, India’s imports rose 21.02 percent to $35.46 billion last month from $29.3 billion a year ago.
India’s main imports include oil, crude oil products, electronic products, mechanical products, gold and jewelry.
The trade deficit widened to $11.6 billion from $7.7 billion during the same month a year ago. France and Italy have signaled to Germany that they are open to a German becoming president of the European Central Bank but not if it is Bundesbank chief Jens Weidmann, Der Spiegel reported.
The German magazine said that representatives from France and Italy had informed German Finance Minister Wolfgang Schäuble and his officials of their position, Reuters wrote.
Paris and Rome fear Weidmann, a long-time critic of the ECB’S quantitative easing program, would oppose a flexible and pragmatic monetary policy in times of crisis, but Der Spiegel suggested Berlin was unlikely to agree with that view.
“We have just one qualified candidate on offer, and it is Weidmann,” it quoted an unnamed source close to the German government as saying.
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