India's main challenge would be to finance trade deficit - Chief Economic Adviser V. Anantha Nageswaran

Financing India's trade deficit would be the main challenge for the year amid broader signs of an economic recovery in the country, Chief Economic Adviser V. Anantha Nageswaran said on Monday.

Nageswaran also said some central banks, including Canada, European Central Bank and Australia, had indicated a less aggressive monetary policy that would help emerging nations.