India's exports to grow 12-15 percent: Nath

Trade Minister, Kamal Nath on Friday said that India's exports, which have been hit hard by the slowdown in global markets, will grow 12-15 percent in the current fiscal year, which ends in March. Nath also said the 51 percent cap for foreign direct investment in retailers offering one brand of goods will also remain. No foreign direct investment is allowed in retailers offering a variety of brands.