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On exports, Mukherjee said if there is no robust
recovery in Europe and North America there cannot be any
substantial growth in India's exports. Nearly 62 per cent of
exports are directed towards Europe and North American
markets, he said.

"In my Budget I have given some money to Ministry of
Commerce for exploring new markets, which would take time," he
added.
On the inflation concerns and the possibility of the
interest rates going up, the Finance Minister said he would
meet Reserve Bank D Subbarao before the credit policy review.
"We will have the opportunity of discussing with the
RBI Governor... I think before (the review) I will have some
discussions," Mukherjee said.
"We are working in close cooperation (and) the
monetary policy and fiscal policy are moving hand-in-hand.
Therefore, whatever corrective measures are required at
whatever point of time will be taken," he added. PTI TEAM
PMR


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