India chapter of Chambers and Partners Mining Global Guide – 2023

Engine of Economic Growth

The mining sector is a core driver of India’s economic development. It contributes significantly to the gross domestic product, is a major source of employment, and is a catalyst of growth in other vital industries (such as power, steel, cement) that are, in turn, critical for overall economic growth.

As aptly stated in India’s National Mineral Policy, 2019 (NMP), “[m]inerals are a valuable natural resource being the vital raw material for the core sectors of the economy. Exploration, extraction and management of minerals have to be guided by national goals and perspectives, to be integrated into the overall strategy of the country’s economic development.”

Please click here to read the full article by Partners – Vishnu Sudarsan and Kartikeya Gajjala along with Associate – Aditya Goyal.