why is mining important in india ?
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Mining plays an important role in Indian industry, which contributes about 3% of the GDP in 1990s, and about 2% of the GDP now. Goa, a state of India, has 1000 million tonnes of iron ore reserves and thereby has a strong mining industry. It exports about 30 million tonnes of iron ore annually.
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- Mining is an important economic activity in India. India is one of the largest exporters of iron ore, chromite, bauxite, mica and manganese, and it is ranked fifth among the mineral-producing countries in terms of volume of production. The mining sector contributes nearly 2.4 per cent to India’s GDP.
- Mined materials are needed to construct roads and hospitals, to build automobiles and houses, to make computers and satellites, to generate electricity, and to provide the many other goods and services that consumers enjoy. In addition, mining is economically important to producing regions and countries.
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