Exports increased 36.3 percent:India

Exports increased 36.3 percentDespite fears of recession in America and Europe in September, India's exports in 2011 rose 36.3 percent on an annualized basis was $ 24.8 billion. September export growth can be considered good in itself, but the current financial year April - September, six months is less than the average growth rate of 52 percent.

September 2010 from 18.2 billion dollars was exported in the country. Ministry of Commerce said that the country's imports in September rose 17.2 percent to 34.5 billion dollars, the trade deficit was 9.7 billion dollars. Although August is lower than the growth rate of exports in September, but in view of the credit crisis in America and Europe can be tremendous. Export growth rate was 44.2 percent in August. Commerce Secretary Rahul Khullar said the current financial year to 300 billion dollars in exports could reach 290.
Country's exports during April-September, which is 52 per cent to 160 billion dollars in the same period of last financial year was 105.2 billion dollars.

India not ready to take an Indian driver

Vijay Mallya, team principal of the newly named Sahara Force India Formula One team, on Wednesday said he is still not ready to have an Indian driver in his team as the current 'lot does not suit me'.

Force India on Wednesday found a co-owner in Subrata Roy's Sahara India Pariwar, which will now have an 42.5 per cent stake in the Silverstone-based team. Mallya also holds 42.5 per cent in the team and the remaining 15 per cent belongs to Mol family.
Mallya asserted that he is committed to have an Indian driver in his team in the future but his current focus is taking Force India to higher level in the pinnacle of motorsports.
'The current Indian drivers don't suit me. I am happy with the current lot of drivers that we have got. The more important thing is that we have got an Indian team on the grid, and I am really proud of that,' Mallya said.
Mallya said Force India are keen on promoting the young talent in the country and will be taking the selected ones to Silverstone where they will hone their skills.
'Our one in a billion hunt for a F1 driver is on the right track. We will take the winner to the United Kingdom which is a hub for motorsports. He will be training with the local drivers and his expenses will be borne by us,' said Mallya, who has been very vocal about his reluctance to have an Indian driver ever since he ventured into F1 in 2007.
Roy, who will be the chairman of Force India, said they cannot compromise on the team's performance for the sake of having an Indian driver. 'We would love to have an Indian driver but we will have to wait for some more time. e should produce world-class drivers so that they can even go to other teams,' said Roy.
Narain Karthikeyan and Karun Chandhok are the two Indian drivers in the current season. Force India are currently sixth in the Constructor's Championship.