Which country was a major importer of dye intermediates and castor oils from India in 2022-23?
Show answer & explanation
Correct answer: B
Explanation
The Correct Answer is option 2 i.e.China.
In the fiscal year 2022–23, China emerged as a major importer of dye intermediates and castor oil from India. According to provisional data from the Indian Chemical Export Promotion Council (CHEMEXCIL), India's chemical exports to China were valued at US$ 1.74 billion, making it one of the top destinations for Indian chemical products during that period.India is a leading global producer and exporter of castor oil, accounting for approximately 85–90% of total global exports. In 2023, China imported 311,745,000 kg of castor oil and its fractions from India, valued at US$ 504.34 million, reaffirming its significant role in India's chemical export sector.