Q. 2

Describe the contribution of mineral to the Indian economy.

Answer :

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.


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Related Videos
Resources and DevelopmentResources and DevelopmentResources and Development34 mins
Quiz | Exploring The Resource Wealth of IndiaQuiz | Exploring The Resource Wealth of IndiaQuiz | Exploring The Resource Wealth of India48 mins
Classification of Resources on the Basis of DevelopmentClassification of Resources on the Basis of DevelopmentClassification of Resources on the Basis of Development43 mins
Classification of SoilsClassification of SoilsClassification of Soils41 mins
Natural ResourcesNatural ResourcesNatural Resources32 mins
Electric EnergyElectric EnergyElectric Energy47 mins
Lakhmir Singh | Source of Energy (Part-1)Lakhmir Singh | Source of Energy (Part-1)Lakhmir Singh | Source of Energy (Part-1)39 mins
Electric Potential EnergyElectric Potential EnergyElectric Potential Energy48 mins
Fundamentals of Heat EnergyFundamentals of Heat EnergyFundamentals of Heat Energy47 mins
Know More About Energy (Part-2)Know More About Energy (Part-2)Know More About Energy (Part-2)40 mins
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses