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Imports of Sensitive Items up 42.2% in April-August |
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NEW DELHI: Imports of sensitive items, including pulses and edible oils, went up by 42.2% to Rs 40,281 crore in the April-August period this year. India's imports of sensitive items stood at Rs 28,317 crore in the year-ago period.
Import of pluses soared to Rs 3,342.95 crore during the period from Rs 3,280 crore in April-August 2010, a Commerce Ministry official said. India is a net importer of pulses. Items such as foodgrain, automobiles, milk and beverages fall in the sensitive category and the import of these goods is monitored by the government to see if there is any adverse impact on the domestic industry.
Imports of edible oils rose by 66% to Rs 18,243.88 crore in April-August 2011, from Rs 10,998.28 crore in the year-ago period. India is the world's largest importer of edible oil and one of the largest consumer.
"The increase in edible oil import is mainly due to big increase in import of crude palm oil and its fractions," the official added. During the first five months of the current fiscal, the import of items such as alcoholic beverages and spices also increased by 47.5% and 68.3%, respectively.
Imports of products of smallscale industries such as umbrellas, locks, toys and glassware went up by 48.6% to Rs 839.84 crore, compared to the year-ago period. Automobile imports jumped by 103.5% in April- August 2011, to Rs 1606.5 crore from Rs 789.67 crore in the same period last year.
However, imports of foodgrain, milk and milk products, and tea and coffee contracted by 93.4%, 28.4%, and 10.2%, respectively. Milk and dairy product imports declined to Rs 282.9 crore in the review period from Rs 395 crore in April-August 2010.
Source : economictimes.indiatimes.com
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