Question
Download Solution PDFWhat is the current share of Crude and Petroleum products in total imports of India at present?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is 52-56%.
India's crude and petroleum Imports -
- India imports more than 70 or 80% of its oil requirement.
- India ranked 4th in terms of crude and petroleum consumption in the world.
- As per the economic survey 2013 data, the share of Crude and Petroleum products in total imports of India is 27-33%.
- As per the recent economic survey data, the share of Crude and Petroleum products in total imports of India at present is 52.7%. Hence option 2 is correct.
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