Sensitive items’ import up 11.6 pc in April-June
The country's import has increased by 11.6% in Q1 of the current FY to Rs 4,877 crore from Rs 4,371 crore in the same period last year, reports Gaurav Choudhury.business Updated: Aug 08, 2007 02:42 IST
Driven by a sharp rise in the import of edible oils, the country's import of sensitive items, a reference to goods that can affect food security, farmers or domestic business interests, increased by 11.6 per cent in the first quarter of the current fiscal year to Rs 4,877 crore from Rs 4,371 crore in the same period last year.
The sensitive items include crude palm oil, cotton and silk, fruits and vegetables (including nuts), products of small-scale industries, spices, marble and granite, tea, coffee, milk and milk products constitute 2.2 per cent of India’s total imports.
The gross import of all these commodities during the first quarter of the current year, stood at Rs.2,26,321 crore as against Rs.1,85,988 crore during the same period of last year.
Imports in categories including fruits and vegetables (including nuts), products of small-scale industries, spices, marble & granite, tea & coffee and milk & milk products have shown a decline at broad group level during the period.
Imports of items such edible oil, cotton & silk, automobiles, rubber and alcoholic beverages increased during the April to June period. In the edible oil segment, the import has increased from Rs.2,407 crore last year to Rs.2,802 crore for the corresponding period of this year.
Imports of sensitive items from Indonesia, China, Brazil, Germany, Japan, Thailand and Australia have gone up while those from Argentina, United States of America, Ivory Coast, Malaysia, Sri Lanka and Egypt have shown a decrease.