Question

which factors led to the decline of mining and metal work industries in India.​

Answer 1

Answer:

1. The Mining industry in India is a major economic activity which contributes significantly to the economy of India. The GDP contribution of the mining industry varies from 2.2% to 2.5% only but going by the GDP of the total industrial sector it contributes around 10% to 11%. Even mining done on small scale contributes 6% to the entire cost of mineral production. Indian mining industry provides job opportunities to around 700,000 individuals

Answer 2

Answer:

It is seen from IIP figures for October 2019 that a significant drop in output in mining and electricity generation by 8% and 12.2%, respectively has pulled down the growth of industrial output. In the previous month, the drop in production in mining was 8.5% and in electricity it turned out to be 2.6%. These two sectors have a combined weightage of 22.4% and therefore the impact of their poor performance on IIP is much lower compared to 77.6% weightage for manufacturing.

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