Ethanol blending program saves India Rs1.84 lakh crore in foreign‑exchange reserves

India’s ethanol blending program has been credited with a large foreign‑exchange saving. Business Standard reports the scheme saved Rs1.84 lakh crore. The savings are measured in terms of reduced import expenditures. The program blends ethanol into fuel to lower reliance on crude oil. The financial impact reflects the government’s push for alternative fuels. The reported figure underscores the economic benefit of the policy. Analysts suggest the program will continue to influence trade balances. Future monitoring will focus on how blending targets evolve.