Notes on Indian equities, sectors and economy

Exports controvery gets murkier

Posted by fairval on December 10, 2011

I have written earlier how the export data makes no sense. The govt made this bizarre statement yday saying there was a $9.6bn accounting error in data this year. They have not come clean in FY11. Clearly there is a scandal here. RBI or somone independent needs to investigate.

Firstpost has a good article:

Bad data? Why $9.4 bn export reporting ‘mistake’ is a scandal


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