Page 200 - economic_survey_2021-2022

174 Economic Survey 2021-22

5.17 The rise in international prices were accompanied by a decline in imports of edible oils.
During the oil year 2020-21 (November 2020-October 2021), India’s imports of edible oils has
been the lowest in last six years (Figure 11). However, in terms of value, it has increased by 63.5
per cent in 2020-21 as compared to 2019-20, reflecting the rise in international prices of edible
oils.
Figure 11: Import of Edible oils

155 Import of Edible oils Value of edible oils imports 140000

150 120000

145
100000
Quantity (Lakh tons) 140 80000 Value (Rs crores)

60000
135
130

125 40000
20000
120 0
2015-16 2016-17 2017-18 2018-19 2019-20 2020-21

Source: Solvent Extractors Association of India

5.18 Inflation in Pulses, recorded 16.4 per cent in 2020-21, has declined in 2021-22 (April-
December) to 7.1 per cent, and 2.4 per cent in December 2021. The high inflation in 2020-
21 was on account of supply-side disruptions as a fallout of restrictions imposed to contain
spread of COVID-19, and stocking of pulses by households during the lockdown. With easing
of restrictions and an increase in area sown for Kharif pulses to a new high of 142.4 lakh hectare
(as on 1st October 2021) incentivised by high prices witnessed last year, pulses inflation is on a
downward trajectory (Figure 12).

Figure 12: CPI-C inflation in Pulses and Products

25

20
Inflation Rate (yoy) (per cent) 10
15

5

0
Apr-19 Jun-19 Aug-19 Oct-19 Dec-19 Feb-20 Apr-20 Jun-20 Aug-20 Oct-20 Dec-20 Feb-21 Apr-21 Jun-21 Aug-21 Oct-21 Dec-21
-5

Source: NSO, MoSPI