The falling value of the India rupee has become a cause of concern for the economy. While experts are divided on the immediate impact of fast depreciating rupee on the Indian economy, there’s a broad consensus on the fact that India must have a strategy to control its forex outgo as a result of increasing import bill. Interestingly, encouraging the indigenous production of edible oil can help cut down import bill, as edible oil import constitutes about 2.8 per cent of the total imports during the past 10 years for India.