The development of India's mining industry |
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| Authors: | James P Dorian Dr |
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| Institution: | (1) Minerals Policy Program, East-West Center, 1777 East-West Road, 96848 Honolulu, HI, USA |
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| Abstract: | This paper evaluates the development of India's mining industry, its present status and future outlook. Despite its growth, the contribution of India's mining industry to GDP has remained relatively stable since 1970. At present the nation is a leading world producer of 11 major mineral and energy commodities, including bauxite, chromite, coal, iron ore and manganese. Recent economic reforms have stimulated industrial expansion in India; however, problems, including a restricted private sector role in resource development and ineffective government mineral strategies, may limit future growth in output. Capital investment levels in India's mining industry are examined in the paper to assess possible long-term expansion levels. |
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