Mining Overview
Mining is a contentious subject. It generates almost as many viewpoints and positions as the number of its contestants. It is, unarguably, a core industrial sector and crucial for India’s economic growth. It is growing at a rapid pace – between 1993 and 2005, the mining sector showed a compound annual growth rate of 10.7 per cent. It is likely to grow at a much faster rate in coming years. Post-liberalisation, mining is being done not only to satisfy India’s domestic requirements, but also to meet the growing international demand. China, in particular, has emerged as a major market for Indian minerals.