Development of Indian Mining Industry – The Way Forward

Development of Indian Mining Industry – The Way Forward

Mining is one of the core sectors that drive growth in an economy. Not only does it contribute to  GDP, it also acts as a catalyst for the growth of other core industries like power, steel, cement,  etc., which, in turn, are critical for the overall development of the economy. Our analysis has shown that every one percent increment in the growth rate of mining and quarrying results in  1.2 – 1.4% increment in the growth rate of industrial production and correspondingly, an approximate increment of 0.3 percent in the growth rate of India’s GDP.

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