Answer-What does the recent data on India’s mineral imports indicate about the trends in mineral impo...

Indias 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.

Question

What does the recent data on India’s mineral imports indicate about the trends in mineral import values and volumes?

A Mineral import values decreased by 80% over five years, with a significant decline in the import volume of key minerals.

B India’s major mineral imports surged by 80% in value over five years, with a slight year-on-year dip, while the volume of key minerals imported increased by 9% over the same period.

C The volume of mineral imports decreased by 80% over five years, while the value of imports remained relatively stable.

D Copper ore concentrate saw the highest value increase, but overall mineral import values declined by 2% year-on-year with a decrease in import volumes.

E The import value of minerals such as phosphorite and manganese ore increased by more than 100% in the past year alone.

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