Deep Green Metals |
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The gross value of mineral production in India in 1995 is estimated to be approximate Rs.2, 70,000 million up from about Rs.1,800 million in 1961, i.e. by nearly 150 times. Mineral wealth and its exploitation have substantially contributed to the growth of national economy. The contribution of mineral production to the Gross National Product went up from 1.02% in 1960-61 to 1.54% in 1980-81. Minerals continued to play a vital role in India's overseas trade also.
India is the third largest global exporter at 62.7 Mt. India's massive deposits of low and high quality iron ore provide great support to the growth of the country's iron and steel industry. In 2004, India was reserved of about 11.8 percent share in the global reserve of iron ore. India is largely. Self-sufficient in most of the minerals which include Iron Ore, Dolomite, Fluorspar, gypsum, Limestone, Manganese Ore, magnetite, Sillimanite, etc.