Which of the following minerals is found in large quantities in India and holds high economic imporance?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Iron ore.
Iron ore is the mineral found in the largest quantity in India and it holds very high economic importance. India possesses abundant reserves of iron ore, mainly located in states such as Odisha, Chhattisgarh, Jharkhand, Karnataka, and Goa. Iron ore is the basic raw material used in the production of steel, which is essential for industries like construction, transportation, machinery, and infrastructure development. The iron and steel industry forms the backbone of industrial growth in the country. Large deposits and continuous demand make iron ore a key contributor to India’s economy. Additionally, India exports iron ore to several countries, which helps in earning valuable foreign exchange and strengthening the mining sector.