Question

Rich mineral deposits are our country's extremely valuable but short lived possessions. EXPLAIN.

Answer 1

mineral deposits are non renewable resources. it takes millions of years for them to form, so once they are exhausted the reserve takes millions of years to form again. 
it is also a great asset for economic growth in our country

Answer 2

India is a country that is enriched with lots of mineral and non- metallic ores. We all enjoy the influential dependency of agriculture and industry and upon mineral sediments and the materials produced from them. We are swiftly depleting mineral reserves that needed millions of years to be formed and intense. The geological means of the mineral composition is so slow that the valuations of replenishment are extremely poor in contrast to the modern rates of using. Mineral reserves are, accordingly, limited and non-renewable. Moreover, the continued wrenching of minerals commences to raising prices as mineral wrenching comes from comprehensive depths simultaneously with a reduction in quality. This is why it is said that rich ore sediments are our nation's remarkably precious but short-lived properties.