Mining in India & Foreign Investment 1st November, 2012
In order to satisfy a continuously increasing demand from industrial production, agricultural, high tech sectors and merchandise producers in more than 100 countries around the world people are engaged in the mining sector.1 Among
those countries 50 countries can be called mining countries, because of the sector’s contribution to export earnings or because it serves large domestic markets or because it employs millions of workers such as in India or China. The mining sector is one of the largest employers in India employing more than one million workers which is around 4% of the Indian workforce.


According to World Bank the mining industry is poised to expand considerably over the next 20 to 30 years. Developing nations like India play an increasingly important role in that expansion on the demand side, as population and economies grow, as well as on the supply side, given shifts in exploration and mining development investments.

 

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