An Economic Study on Value of Export and Import of All Minerals in India

Abstract

India is rich in minerals and however, the consumption of minerals and metal by Indians is low. This is general trend. This trend leads to low economic development. Hence a scientific economics study on the Indian foreign trade in minerals including the export and import is necessary to promote this venture and to frame a suitable mining policy. The study reveals that there has been a steady increase in the the India’s export value of all minerals. India can reclaim the first place in the India’s export value of all minerals trade, provided the Indian government pays more attention to the India’s export value of all minerals marketing activities, export promotional activities.