Import Dependence in Edible Oils
India is one of the world's largest consumers and importers of edible oils. Despite being a significant producer of oilseeds, the domestic production consistently falls short of the burgeoning demand, leading to a substantial reliance on imports to meet the country's cooking oil needs. This dependence drains foreign exchange, exposes the economy to global price volatility, and impacts the livelihoods of domestic oilseed farmers.
Recent Developments
- For the fiscal year 2024-25, India's import dependence on edible oils remains high, hovering around 60% of its total consumption.
- In FY 2024-25, India imported a record 16.4 million tonnes of vegetable oils, ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
Indian Economy
- 1 India’s Economic Growth: Key Statistics & Trends
- 2 Rising Employment Gap despite Strong GDP Growth
- 3 Potential GDP: Determinants and Hindrances
- 4 Inclusive Growth in India
- 5 Rising Income Inequality
- 6 Informal Sector Inclusion in GDP
- 7 Viksit Bharat@2047 & $5 Trillion Economy Roadmap
- 8 Debt Management
- 9 GST: Current Scenario, Impacts & Concerns of States
- 10 Centre-State Fiscal Imbalances
