Import of sensitive items rises nearly 43 percent in 2011-12

June 20th, 2012 - 9:35 pm ICT by IANS  

New Delhi, June 20 (IANS) Import of sensitive items such as fruits, vegetables, edible oil and milk surged 42.8 percent to Rs.100,911 crore in the financial year ended March 31, 2012, official data showed Wednesday.

Import of edible oil almost doubled to Rs.46,309.2 crore in 2011-12 as compared to Rs.29,319.1 crore in the previous year, according to data released by the ministry of commerce and industry.

“Increase in edible oil import is mainly due to substantial increase in import of crude palm oil and its fractions,” the ministry said.

Import of food grains declined at broad group level during the year.

However, imports of all other items like edible oil, automobiles, pulses, fruits and vegetables (including nuts), rubber, cotton and silk, spices, milk and milk products, alcoholic beverages, marble and granite and tea and coffee increased year-on-year.

The gross import of all commodities in 2011-12 was Rs.2,342,217 crore as compared to Rs.1,683,467 crore in the previous year.

This shows that the proportion of sensitive items in the total imports have increased to 4.3 percent in 2011-12 as compared to 4.2 percent in the previous year.

Related Stories

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Business |

Subscribe