Correct option is C
The correct answer is (C) Nickel
Explanation:
- According to NITI Aayog's Trade Watch – Quarterly (July-September [Q2] FY25) report, Nickel entered India's top ten imports due to rising infrastructure demand, especially in the construction and manufacturing sectors.
- The growing demand for Nickel is linked to its usage in various industries, including steel production, which is vital for infrastructure development.
Information Booster:
- Nickel is used in the production of stainless steel and other alloys, making it essential for infrastructure projects. The demand for nickel surged due to its increasing use in construction and industrial applications in India.
- India’s Imports of Nickel: The rise in demand for nickel reflects India's efforts to ramp up its industrial capacity and build infrastructure.