Budget 2023
Budget 2023: Spike in imports; fall in exports
Imports were around ₹16 lakh crore more than exports in FY22. Even though exports grew by nearly ₹10 lakh crore in the fiscal, imports grew even higher by ₹16 lakh crore. India vastly depends on imported crude oil to meet its energy requirements. Electronic goods and engineering goods are the other major items of imports.
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