Centre Aims 8.5 per cent Growth In Mining Sctor During 2018 - 23
- Press Information Bureau
- March 17, 2022
The goal, according to the NITI Aayog's Strategy for New India @ 75 Report 2019, was to "accelerate the growth of the mining sector from 3% in 2017-18 to 14% in 2018-23, with an average increase of 8.5%." The Mining and Quarrying Sector's year-by-year Gross Value Added (GVA) and percentage growth from 2014-15 are shown in Table in Annexure-I. Annexure-II provides an estimate of the impact of mining activities in Goa and Karnataka on the mining sector's proportion of national GDP.
Annexure-I
Table: GVA in the Mining Sector at Constant Prices from 2014 to 2015.
| Year | GVA (Rs crore) | Growth (%) |
|---|---|---|
| 2014-15 | 2,88,685 | 9.72 |
| 2015-16 | 3,17,974 | 10.15 |
| 2016-17 | 3,49,248 | 9.84 |
| 2017-18 | 3,29,612 | -5.62 |
| 2018-19 | 3,26,815 | -0.85 |
| 2019-20 | 3,21,766 | -1.54 |
| 2020-21 | 2,94,024 | -8.62 |
| 2021-22 (2nd AE) | 3,30,945 | 12.56 |
Annexure-II
Since 2014-15, the following is the percentage share of GVA of metallic and non-metallic minerals covered by the Mineral Conservation and Development Rules (MCDR) in the country's GDP:
| Year | Contribution to GDP (%) |
|---|---|
| 2014-15 | 0.53 |
| 2015-16 | 0.51 |
| 2016-17 | 0.58 |
| 2017-18 | 0.52 |
| 2018-19 | 0.47 |
| 2019-20 | 0.45 |
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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