India is a major importer of crude oil to meet its energy demands. The value of crude oil imports typically constitutes the largest portion of India's total import bill. While other commodities like gold and refined petroleum products are also imported in significant quantities, crude oil imports usually exceed them in terms of value.
Which commodity tops the current list of imported commodity of India?
Asked in WBPSC CS Prelims 2021 · Topic: Current Account and Capital Account (Policy Measures to Manage Current Account and Capital Account Balances)
More External Sector of Economy questions
- Which of the following accounts for the highest amount spent on Indian imports?
- Two largest items of import in India in recent years are :
- The most important item of Indian exports, in terms of value, during recent years has been:
- More than 50 percent of India’s import comes from:
- Which one of the following is the most valuable item in the agricultural export of India?
- The largest part of India's import (in value) goes to
- The largest part of India's export (in value) goes to
- The biggest LNG supplier to India is