Although the mineral industry in India has grown at a rate of around 6% annually, its contribution to the country's GDP and in the global mineral trade remains low. A number of key issues need to be addressed by the industry for efficient and economic utilization of the vast mineral resources that the country is endowed with. There exists a large potential for growth in this sector that can be optimally converted to results leading to economic growth. The paper underscores the issues of concern in this industry and illustrates the present operational standards vis-a-vis the levels that can be attained comparable to the international standards, which alone is the answer to meet the global competition that has set in due to economic liberalization.
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