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Euro, US economic woes hit trade
Merchandise exports could suffer further in the coming months, albeit growing slowly, due to the ongoing euro zone crisis that has also affected some of India’s other important trading partners, according to the Economic Survey for 2011-2012. India’s share in global merchandise exports reached 1.5 per cent in 2009-10 from 1.3 per cent in 2008-09. It increased to 1.9 per cent in the first