Russia and Switzerland outliers amid contracting imports, shows data

Imports from Russia second-largest in April-August period, shows data

Even as merchandise imports into the country decreased 12 per cent during the first five months this financial year, among the top 10 sources there was growth in supply only from Russia and Switzerland, according to the data compiled by the commerce department.

Imports from Russia have been rising for over a year. The increase is being driven by India’s growing dependence on crude oil from the country. 
 

During April to August, India imported goods worth $25.69 billion, up 86.56 per cent year-on-year. The share of Russia in India’s imports increased to 9.45 per cent in April to August from 4.45