Crude Oil
India's crude oil imports jump by 53 pc during Apr-Nov period, shows latest govt data
New Delhi/IBNS: India’s crude oil import grew by 52.58 percent to $146.57 billion during April-November during FY23, according to data shared by the Ministry of Commerce.
Imports of coal and coke rose by 97.66 percent to $37.25 billion during the period under review, the data showed.
During the eight months, electronics, chemicals, transport equipment and vegetable oil also showed double-digit growth in imports.
Gold imports dropped by 18.13 percent to $27.21 billion while vegetable oil imports by 16.71 percent to $14.28 billion.
The exports of petroleum jumped by 58.88 percent to $62.65 billion whereas the gems and jewellery exports grew by 2 percent to $26.45 billion.
In the month of November, Indian exports had a flat growth of 0.59 percent at $31.99 billion.
The trade deficit during the month increased to $23.89 billion.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
