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Aside crude, sharp rise in non-oil imports too contributing to trade imbalance: ASSOCHAM

Aside crude, sharp rise in non-oil imports too contributing to trade imbalance: ASSOCHAM

Aug 27, 2018, at 03:17 pm

New Delhi, Aug 27 (IBNS): It is not only crude oil which is exerting pressure on India's import bill and consequently on the current account deficit and the rupee, but a host of other non-oil items like coal, electronics, chemicals and leather and leather products, fruits and vegetables are  witnessing rising imports and becoming a drag on the country's overall  balance of trade situation , an ASSOCHAM analysis has noted.