Turn of the times

Development of the mining sector in India

In recent years, India has registered rapid growth. The mining industry has also profited from this. However, in India, time seems to go more slowly, which you can see from the fact that India’s mining sector still does not yet attract a great of international attention. What is the situation in reality? This report provides an analysis and interesting answers.

1 Economic development

India is now the fifth largest national economy in the world and, with sustained growth, it will rank third behind the USA and China by the end of this decade. Despite significant success in the fight against poverty over the last decade, India remains a country of opposites, with an extreme contrast between rich and poor. Fig. 1 shows the forecasts for economic growth for the upcoming years according to the WEO (World Economic Outlook) issued by the International Monetary Fund in April 2023. In 2020, with 5.8 %, India had to shoulder more severe losses in its GDP than...

Related articles:

Issue 07-08/2023 Market trends

Developments in the mining sector in Turkey

1 Economic development in Turkey Despite considerable economic and export growth, the economic situation in Turkey does not seem to be improving. Factors contributing to this are a high inflation...

Issue 11/2018 Trend reversal

Metal ore mining in Europe

1??? Introduction It‘s been over 150 years since Europe dominated the mining industry. Measured by the production of metal ores, Europe still accounted for 62?% of world revenues in 1860. However,...

Issue 07-08/2024 From coal to lithium

What will the future bring for mining in Australia?

1 Overview of Australia’s mining sector Australia plays a key role in the production of raw materials like iron ore, coal, bauxite, gold, base metals and lithium. In 2023, with an estimated...

Issue 10/2011


Canada’s mining industry experiencing an upswing

1 Introduction In comparison with the Euro countries, Canada’s economy suffered little damage during the recent global economic crisis. The average real economic growth was 2.1?% between 2000 and...

Issue 05/2012

Appetite for commodities

What will become of China?

1 Introduction In March, the Chinese government reduced its growth forecast for the current year to 7.5 %. This is the lowest figure in the last 10 years. This year China is confronted by a...