India has been eyeing deeper energy ties with Iran and has already lined up $20 billion as investment in oil and gas as well as in petrochemical and fertiliser sectors there.
According to data released by the commerce and industry ministry, exports stood at $25.01 billion in the month. The fall is only the second time exports contracted in the past year.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
India is the 4th largest oil consumer after the US, China and Japan.
