Describe the contribution of mineral to the Indian economy.
Minerals are the indispensable part of the Indian economy. It can be clearly understood from the following:
a. Minerals form the basis for the raw materials to the secondary and tertiary sector of the Indian economy. Machines that produce goods are made up of minerals. Again, these goods are transported to different places through various modes of transport. These modes of transport use petrol or diesel as a fuel. Thus, it helps in the development of trade and commerce which contributes to the Indian economy.
b. Modern day agriculture involves the use of modern machinery like a combine harvester, tractor, thresher, etc., which is made up of minerals. Thus, minerals indirectly help to increase agricultural productivity thus increasing the Gross Domestic Production.
c. Natural gas is used as Liquefied Petroleum gas in households, and thus it has got the economic significance.
d. The standard of living of the people can be determined by per capita income, and use of modern machines like television, washing machine, dishwasher, etc., The making and functioning of these machines is not possible without minerals. If the standard of living increases, the economy of the country also increases.
e. Minerals play a significant role in urbanization. Modern constructions are done using tin, concrete, and glass which are made of minerals. This again contributes to the Indian economy.
f. Synthetic fibres are made out of coal or petroleum molecules. These fibres are replacing the natural ones on a large scale. Clothes made using synthetic fibres are even exported to other countries which fetch foreign income thus boosting the Indian economy.
g. The mining industry contributes nearly 10 to 12 per cent of the Gross Domestic Production of the industrial sector. The fact that this is a big boost to the economy cannot be denied.
Moreover, the export of mineral ores also makes a significant contribution to the Indian economy.
Minerals which are directly or indirectly used in our day to day life thus play a significant role in the development of Indian economy.
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