Question

a) India is a leading exporter of iron ore because​

Answer 1

India is a leading exporter of IRON,ORE because of India has Export of iron ore of up to 58 per cent ferrous content (58-Fe) attracts zero duty. Traders say once the price of this baser grade of ore breaches $70 a tonne, export becomes viable.

Odisha alone has in excess of 100 million tonnes of inferior grade iron ore accumulated at mine heads; this ore lacks takers in India. More such inventory is piling up in Jharkhand; the two states account for over 80 per cent of the country’s accumulated iron ore stockpile.

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