Australia emerges as largest exporter of Iron ore to India

Australia was the largest exporter of iron ore to India in the 2017-18 fiscal year ended 31 March after being a marginal supplier for the past several years. Australia replaced South Africa and Brazil as the major suppliers to India. Australia exported 2.86mn tonnes of iron ore in 2017-18, around 33pc of total Indian imports,
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The refund fortnight window to clear the backlog of exporters’ claims under the Goods and Services Tax (GST) regime could see close to Rs 14,000-15,000 crore of the pending amount being sanctioned by June 16. Exporters and Federation of Indian Exporters Organisation (FIEO) feel that this 15-day window may not see the over Rs 20,000-crore
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