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France looks to India to boost sagging economy

Since 2010, France has been steadily losing its edge in manufacturing and this trend accelerated in 2012, recording a jump of 42 percent in the closing of manufacturing units in the country, which numbered at 1087 units eliminating over 24,000 jobs, according to a study by Trendeo, a consultancy.

France to miss 2013 target to cut deficit: PM

Speaking to the state-run TV channel France 3, Ayrault admitted that France's gap "will not be exactly at 3 percent", reported Xinhua.

France to maintain 3% deficit target

The French government will keep its pledge to trim the country's deficit target to 3 percent of the gross domestic product (GDP) in 2013 despite grim economic indicators that shrouded the Socialists' recovery plan, an official said.