The Current Status of Mining Industry in India
The Current Status of Mining Industry in IndiaThe country is having a well-developed mining sector, which has vast geological potential with over 20,000 known mineral deposits. Up to the Seventh Plan period (1990), significant progress was made in the development of mineral resources in the country which is amply depicted in the appreciation of mineral inventory. This helped the country to enter the realm of plenty in respect of certain minerals in which it was hitherto deficient. Image Source: geospatialworld.net ADVERTISEMENTS: The discovery of huge bauxite deposits, particularly in the East Coast, is a case in point, which took the country from the phase of a nonentity to one having the fifth largest inventory of bauxite in the world.In the Tenth Plan, greater emphasis was laid on mineral exploration by…