India's trade deficit stood at 117 Billion US dollars for the last eight months in 2011-12, which is the highest compared to the corresponding period in the last three years.This information was given by the Commerce Minister, Mr. Anand Sharma while replying to supplementaries during the question hour in the Rajya Sabha. Mr. Sharma said despite a very challenging global environment, measures taken by the government have not only arrested the decline of exports, but it has also been successful in reversing it. He said anticipating that the situation is likely to be adverse the government had announced a package on 13th October 2011. In addition a strategy paper to double the country's exports by 2013-14 was released in May 2011.