![Reaching Melting Point](https://images.assettype.com/fortuneindia%2F2023-12%2F4d6a8039-aa7c-47f1-8ecf-cc7f465dd899%2FMacroscope_1__5_.jpg?w=300&q=95)
Reaching Melting Point
In FY23, India’s domestic production was estimated at half a million tonnes, resulting in a 15% jump in imports to 2,75,341 tonnes
In FY23, India’s domestic production was estimated at half a million tonnes, resulting in a 15% jump in imports to 2,75,341 tonnes
CRISIL Research says this resulted in reduced dependency on China, which reduced to 60% from 64% in fiscal 2021 and is expected to fall further in the medium term