PM expresses concern over high import bill of edible oils, fertilisers; calls for action in mission mode
With international energy prices soaring after the war in Ukraine, India will spend a record Rs 2.5 lakh crore to subsidise fertilizer for farmers.
Fertilisers are being offered at a discount of anywhere between 10 to 25 per cent from Russia as a result of which nearly 20 per cent of the fertiliser imported between April and July came from Russia
India’s exports to China grew by 0.61% in FY22, which increased in FY21 by 33.59%. The major items of exports included iron and steel, ores, slag and ash and organic chemicals.
President Donald Trump withdrew the US from the Iran nuclear deal in May to pursue a maximum pressure campaign against Tehran's atomic programme.
Recording positive growth for six months in a row, India's exports soared 17.48 per cent to USD 24.5 billion in February led by petroleum, engineering and chemicals.