A large quantity of duty-free tea imports, meant for re-export comes to India at a very low price from origins such as Africa, Argentina, Vietnam and Nepal.
Capital account surplus is expected to rise despite moderating foreign inflows and a steady FDI on account of other sub-components faring better in FY22 than in FY21, it adds.
A department responsible for donor relations once had 250 members and dealt with up to 40 countries; now it has 50 employees at best, and one interlocutor: the United Nations.
