Increase in import duty on edible oil to help farmers: Shivraj Singh Chouhan

How does the increase in import duty on edible oil aim to benefit farmers in India, as emphasized by Shivraj Singh Chouhan?

**Promote domestic production:** By increasing import duty on edible oil, the Indian government aims to make imported edible oil more expensive than domestically produced oil. This decision is intended to encourage farmers to produce more edible oil crops within the country.
**Protect farmers' interests:** Shivraj Singh Chouhan's emphasis on benefiting farmers indicates that the increase in import duty is a measure to safeguard the interests of Indian farmers. It is aimed at ensuring that they get fair prices for their produce.
**Reduce dependence on imports:** Higher import duties on edible oil can help reduce the reliance on imported oils, thereby strengthening the self-sufficiency of the Indian agricultural sector and reducing the outflow of foreign exchange.

These measures are geared towards empowering farmers and supporting the growth of the domestic agricultural industry.

Answered 7 months ago

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