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    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. Correct Answer Incorrect Answer
    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. Correct Answer Incorrect Answer
    C The volume of mineral imports decreased by 80% over five years, while the value of imports remained relatively stable. Correct Answer Incorrect Answer
    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. Correct Answer Incorrect Answer
    E The import value of minerals such as phosphorite and manganese ore increased by more than 100% in the past year alone. Correct Answer Incorrect Answer

    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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