Branch² Intelligence
Ethanol Programme Saved Rs 1.90 Lakh Crore In Forex Since 2014-15, Says Govt Amid Row Over E20 Fuel
Key takeaway
India's ethanol programme saved ₹1.90 lakh crore in forex since 2014-15 by cutting crude imports.
- Step 1Ethanol programme saves ₹1.90 lakh crore in forex by substituting crude imports.
- Step 2Reduced crude demand lowers India's import bill, improving trade balance and rupee stability.
- Step 3Stable rupee and lower fuel costs benefit SMEs with transport and energy expenses.
- Step 4Increased maize demand for ethanol raises maize prices, affecting SMEs that use maize as input.
Source: IN:NDTV Profit
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