Reaching Melting Point
In FY23, India’s domestic production was estimated at half a million tonnes, resulting in a 15% jump in imports to 2,75,341 tonnes
In FY23, India’s domestic production was estimated at half a million tonnes, resulting in a 15% jump in imports to 2,75,341 tonnes
CRISIL Research says this resulted in reduced dependency on China, which reduced to 60% from 64% in fiscal 2021 and is expected to fall further in the medium term