India's share in international trade has gone up: Scindia | SupportBiz

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India's share in international trade has gone up: Scindia

 
Admitting that India's trade deficit has grown, the government Wednesday said the country was still performing better than most countries and its share in global trade has increased.

Replying supplementary questions in the Rajya Sabha, Minister of State for Commerce Jyotiraditya Scindia said that India's share in international trade had risen to 1.8 percent and the country was on the 20th rank in global trade, up from the 27th in 2007.

Scindia said that trade deficit had, however, grown due to depreciation in value of rupee and increasing prices of crude oil.

"We are focusing on the markets of Latin America, Africa, Oceania and CIS," Scindia added.