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Question : As of 2022, which among the following countries is the largest importer of Indian iron ore?

Option 1: Russia

Option 2: China

Option 3: France

Option 4: United States of America


Team Careers360 14th Jan, 2024
Answer (1)
Team Careers360 15th Jan, 2024

Correct Answer: China


Solution : The correct answer is China.

In the fiscal year 2022–23, India is anticipated to export approximately 20 million metric tonnes of iron ore, a decrease from the previous year's 26.3 million metric tonnes. China remains the primary destination for these exports. In May 2022, the Indian government implemented a 50% export tax on low-grade iron ore lumps and fines (with iron content below 58%) and a 45% export duty on pellets, aiming to address the growing domestic demand for these resources.

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