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UPSC Prelims 2019 Paper-1 📅 02 Jun, 2019

Among the agricultural commodities imported by India, which one of the following accounts for the highest imports in terms of value in the last five years?

A
Spices
B
Fresh fruits
C
Pulses
D
Vegetable oils
Result Summary
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APEDIA

UPSC Prelims
2019 • 02 Jun, 2019 • Paper-1
Among the agricultural commodities imported by India, which one of the following accounts for the highest imports in terms of value in the last five years?
Correct Answer
Vegetable oils
Trade Deficit Analysis: Despite functioning as a massive global agricultural producer, India constantly wrestles with a severe structural deficit specifically i......
Ref/Book : UPSC Prelims 2019
Ref. Subject Economy
Chapter -
Ref. Topic Agriculture
Pg. No -
💡 Analysis & Explanation
Trade Deficit Analysis ▼
Despite functioning as a massive global agricultural producer, India constantly wrestles with a severe structural deficit specifically in edible oils. To adequately meet soaring domestic consumption demands, the nation fundamentally relies on massive imports of crude palm oil, soybean oil, and sunflower oil.
Financial Impact ▼
Consequently, the sheer monetary value of imported vegetable oils consistently and heavily outstrips all other individual agricultural imports combined, making it the single most prominent drain on India's agricultural foreign exchange reserves.
Conclusion ▼
Vegetable oils unequivocally constitute the costliest segment of India's import basket.
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