India is a mineral-rich country and the mining industry accounts for about 3 percent of the country's GDP. India has wide variety of minerals and as many as 89 types are mined here. Mining in India can be classified into 2 main categories - coal and non-coal. The public sector has so far played the lead in this sector accounting for more than 85 percent of the mining activity. However, private sector investment is being encouraged especially when it comes to outsourcing in non-strategic sectors, in addition, 100 percent FDI has now been allowed in the exploration and mining for most minerals. Thus, the future of this industry does hold a lot of promise.
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