How India Plans to Exploit the Full Potential of Its Mining Sector
Oct 5, 2020
Many countries and their economies alike have been adversely affected by the coronavirus pandemic. Countries like India plan to use this disruption to lead their economy into a rapid industrialization phase. The ace up their sleeve is the mining sector, which will be the main driver to economic recovery in a post-pandemic world.
Usually, a 1% growth in the mining sector leads to an average 1.3% increase in the industrial production growth rate while 10 indirect jobs are created from 1 direct job. According to the 12th five-year plan of the Planning Commission of India, for every 1% rise in economic growth, the country’s mining sector generates 6 times more employment than the manufacturing sector and 13 times more job opportunities…
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