Steep taxation takes the shine off the mining sector in India

摘要

India is witnessing aconsistent slide inrankings in the GlobalMining Attractiveness IndexFrom sinking to the bottom10 jurisdictions in 2016the country was out of Ihereckoning in the latest surveyfor 2017 conducted by Canadabased Fraser Institute For 2016the institute surveyed 104jurisdictions where India wasranked 97th, joining the leagueof unattractive mining nationslike Argentina, VenezuelaAfghanistan, Zimbabwe andMozambique. In the 2017 surveyIndia was out of contention asthe number of respondents wereless than five. The attractivenessof a mining jurisdiction israted on factors like exislingregulations, taxation levelsquality of infrastructure and theoverall policy climate.