Why India Imports 60% of Its Edible Oil: The ₹1.7 Trillion Crisis
India is the world’s largest importer of edible oil , running a massive deficit to keep its kitchens running. Here is how the country went from self-sufficiency to a 60% import dependency, told through the numbers. The Macro Picture: A ₹1.72 Trillion Bill The Fiscal Shock: In FY26, India shelled out ₹1.72 trillion to import cooking oils. The Comparison: This massive import bill is higher than the Union government’s entire annual budget for the farm sector (₹1.59 trillion). The Dependency: India currently relies on foreign markets for 60% of its total cooking oil requirements. Palm oil alone commands a staggering one-third of all oil consumed nationwide. Image: Mint The Consumption Boom 1980–81: The average Indian consumed less than 4 kg of cooking oil per year . 2021–22: Annual per capita consumption skyrocketed to nearly 20 kg , fueled by a consumer shift toward "pure," odorless, colorless, and solvent-extracted refined oils. The 30-Year U-Turn The Golden Era (Early 1990s):...