The room in India’s budget for imported fruit and vegetables has increased by 25 per cent this year, largely a product of depreciation of the rupee.
India’s currency has dropped in value by 20 per cent so far this financial year, which accounts for most of the value increase of imported produce, but the figure shows a slight increase in India’s real spending on imports.
Fruit and vegetable imports rose from Rs87.74bn to Rs10.12bn year-on-year, reported the Business Standard.
