write in detail about mining occupations in India
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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.[1]
As of 2012, India is the largest producer of sheet mica, 2015 the fourth largest producer of iron ore, alumina, chromite, and bauxite in the world. A coal and iron ore project is in the fifth largest reserve in world.
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Mining in India is an important economic activity .
- India is one amoungst the most important exporters of iron ore, chromite, bauxite, mica and manganese, and it is stratified fifth among the mineral-producing countries in terms of volume of production.
- The mining sector contributes nearly 2.4 percent to India’s value.
- While there have been non-public sector participation in mining, the government through its varied public-sector firms continues to be the largest participant in the domestic mining industry.
- Much of India’s potential natural resources area unit however to be fully explored. Earlier, government policies and legislation had largely focused on regulation of mines and minerals instead of on exploration and development.
- Taking cognizance of the stagnation of the mineral industry, various reforms have been initiated by the Indian government granting bigger non-public sector participation in mineral exploration, mine development and maintenance.
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