Q1. India ranks at which position globally in terms of rare earth element (REE) reserves?
Explanation
India possesses the world's fifth-largest rare earth reserves, located primarily along its eastern and western coastal belts in Odisha, Andhra Pradesh, Tamil Nadu, and Kerala. Despite these reserves, India has historically exported raw monazite sand and imported processed rare earth compounds. Budget 2026-27 announced rare earth corridors to build end-to-end domestic capacity.
