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Economy News

News on Indian Economy and Sectors, which have impacts in the market.

 
India Aims To Reduce Edible Oil Import Dependency From 56% To 35% In Next Five Years
27-Sep-23 12:04Hrs IST

A latest update from Ministry of Agriculture & Farmers Welfare revealed that special projects like inter-cropping, targeting rice fallows, expansion in high potential districts and non-conventional regions will bring additional area under oilseeds in coming years. All this will increase domestic production of annual edible oilseeds from current level of 362 to 541 lakh tonnes and edible oil production from 85 to 136 lakh tonnes by the end of 2025-26. The renewed focus will help in reducing the import dependency from 56% to 36% in next 5 years.

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