Electronics shine amid export slump
The low crude oil prices in the three months to June this year has affected both imports and exports of petroleum products. While exports contracted around 16% on-year on Q1FY26, imports too contracted 4.4% during the same period. The average crude price of Indian basket was $67.2 a barrel in Q1FY26 as compared to $85.2 a barrel in the same period last year.
