Question
What does the recent data on India’s mineral imports
indicate about the trends in mineral import values and volumes?Solution
India’s major mineral imports increased by nearly 80% in value over five years, reaching ₹68,633 crore in FY24, despite a 2% decrease from the previous year. The volume of key minerals imported rose by 9% during the same period. Copper ore concentrates topped the import list, significantly contributing to the total value. This reflects a substantial rise in import value, though there was a minor annual decline.
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