India’s E20 Ethanol Push: Are Food Prices Paying the Price?
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Key Facts
TypeAnalysis
SourceICRIER
PublishedMonday, 7 September 2026
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Merchandise exports: $437 billion (2024-25)
Key Authorities
Ministry of FinanceRBISEBIDEAMinistry of Commerce & Industry
Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 71,971 Amount accepted (in ₹ crore) 71,971 Cut off Rate (%) 5.24 Weighted Average Rate (%) 5.24 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/1164
India’s jute industry is expected to recover in FY27, with sales volumes projected to rise 15% and operating margins improving on stronger demand and softer raw jute prices.