Question

write a note on mining economi​

Answer 1

Answer:

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%.

Answer 2

Answer:

It is a well known ecological fact that the best known forests, river and ocean basins, and fertile

landscapes are also rich below ground with natural resources such as fossil oils and minerals. Mining of

underground natural resources do require giving up the rights and usufruct benefits of surface based

natural resources. Added to this is the fact that the history of the world has seen a continual modification

and mortification of the landscape of the earth both above and underground for anthropocentric purposes;

and most of such land conversions are irreversible.

India has a total geographical area of about 328 million hectares. Of this, the mining lease (except

than fuel, atomic and minor minerals) area as on 31.3.2014, constitutes around 0.14 percent. The Indian

sub-soils are rich in onshore and off shore crude oils and gas, coal, iron ore, copper, bauxite, etc. Of all

variety of land use categories, the common lands consisting of forest lands, pasture lands, and current

fallow and cultural waste lands dominate.

Minerals are valuable natural resources that are finite and non-renewable. They constitute the

vital raw materials for many basic industries and are a major resource for development. The history of

mineral extraction in India dates back to the days of the Harappan civilization. The wide availability of

minerals in the form of abundant rich reserves and the eco-geological conditions make it very conducive

for the growth and development of the mining sector in India. As a major resource for development the

extraction and management of minerals has to be integrated into the overall strategy of the country‟s

economic development. The exploitation of minerals has to be guided by long-term national goals and

perspectives. Thus, minerals play a key role in the evolution of human society and the development of

leading economics.

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