But falling prices of copper in international markets would benefit India, as it is one of the world's biggest importers of the metal, alongside China, Japan, South Korea and Germany.
Typically, over 30 per cent of India's copper demand comes from the telecom sector and 26 per cent from the electrical sector in India. In addition, the building and construction, engineering, transport and consumer durables sectors are major consumers of copper in India.
These sectors stand to benefit the most from lower prices of copper. At present India is the net exporter of refined copper. In FY 2012 around 2.30 lakh tones of refined copper was exported.
Electrical and power sectors account for nearly one-third (35%) of the refined copper consumption, followed by 11% by the transport sector like auto and railways industry, 8% each by construction and consumer durables industry. India's copper market has the potential for significant growth if the per capita consumption increases.