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.
Budget 2023
Budget 2023: Spike in imports; fall in exports
India vastly depends on imported crude oil to meet its energy requirements.
Budget 2023
Budget allocation to energy transition not subsidy; fund to be used for refinery upgrade: FM
The finance minister pointed out that the government has not kept anything secret in the budget.
Defence capex for 'Make in India' fails to enthuse
The Union Budget 2023 proposed a 13% increase in the overall defence budget for FY24 at ₹5.93 lakh crore as compared to ₹5.25 lakh crore in FY23.
Govt unlikely to achieve 4.5% fiscal deficit target by FY26: Moody's
Budget 2023 is credit positive for renewable energy companies, cement and steel producers, oil marketing companies and automakers, says Moody's.
Govt’s increase in Capex to drive investments in infra development: ICRA
In her Budget speech for FY23-24, Finance Minister Nirmala Sitharaman increased the capital investment outlay for 2023-24 by 33% to ₹10 lakh crore, which will be 3.3% of the country’s GDP.
Budget 2023
Budget allocation to energy transition not subsidy; fund to be used for refinery upgrade: FM
The finance minister pointed out that the government has not kept anything secret in the budget.
Defence capex for 'Make in India' fails to enthuse
The Union Budget 2023 proposed a 13% increase in the overall defence budget for FY24 at ₹5.93 lakh crore as compared to ₹5.25 lakh crore in FY23.
Govt unlikely to achieve 4.5% fiscal deficit target by FY26: Moody's
Budget 2023 is credit positive for renewable energy companies, cement and steel producers, oil marketing companies and automakers, says Moody's.
Govt’s increase in Capex to drive investments in infra development: ICRA
In her Budget speech for FY23-24, Finance Minister Nirmala Sitharaman increased the capital investment outlay for 2023-24 by 33% to ₹10 lakh crore, which will be 3.3% of the country’s GDP.