The mining industry of India is a significant contributor to the industrial sector and the country’s economy at large. India is among the largest producers of coal, sheet mica, iron ore and bauxite in the world. The last five years have witnessed a surge in global demand for these minerals and industrial demand is expected to grow in future domestically and globally, especially from emerging economies. However, out-dated regulatory standards and lack of proper implementation of policies have impeded the growth of this industry. With India’s vast mineral resources yet to be fully tapped, illegal mining operations and corruption among officials are rampant. Additionally, bureaucratic delays have ensured a challenging investment climate. Human rights issues, too, have taken a back seat due to lack of proper enforcement of regulations. Nevertheless, there is vast potential in India’s mining industry. Prospective areas for exploration include copper, lead, molybdenum, zinc, platinum, gold, silver, tin and lithium. Also, there is huge potential for further development of resources such as iron ore, mica, potash and bauxite. Hide this