According to figures from the Commerce Ministry, the nation’s imports of crude oil increased by 52.6% to $146.57 billion for the April through November fiscal period.
The report showed that imports of coal and coke soared by 97.7% to $37.25 billion during the same time period. However, throughout the course of the eight-month period, imports of gold fell by 18.1% to $27.21 billion.
Electronics, chemicals, transportation equipment, and vegetable oil are among the other imports that saw a double-digit rise. To $14.28 billion, imports of vegetable oil increased by 16.7%.
This news is written by Ms. Pujari Dharani, Research Assistant, All India Legal Forum.