Federal government targets 3 gdp from minerals by 2025

A specific and ambitious goal!

The Indian government has indeed set a target to increase the contribution of the mineral sector to the country's GDP to 3% by 2025. This is part of the government's efforts to diversify the economy, reduce dependence on traditional sectors like agriculture and manufacturing, and promote sustainable development.

Here are some key points about this target:

  1. Current contribution: The mineral sector currently contributes around 2.5% to India's GDP. The government aims to increase this contribution to 3% by 2025.
  2. Mineral sector growth: The government plans to achieve this growth by promoting the development of new mineral-based industries, such as lithium-ion battery manufacturing, solar panels, and electric vehicles.
  3. Investment and infrastructure: The government will invest in infrastructure development, including the creation of mineral-based industrial clusters, transportation networks, and logistics facilities, to support the growth of the sector.
  4. Sustainable mining practices: The government will also focus on promoting sustainable mining practices, including the use of technology and renewable energy, to minimize the environmental and social impacts of mining.
  5. Job creation: The growth of the mineral sector is expected to create new job opportunities, both directly and indirectly, in industries such as manufacturing, construction, and services.

To achieve this target, the government has identified several key areas for focus, including:

  1. Exploration and discovery: Encouraging exploration and discovery of new mineral deposits to increase the country's mineral resources.
  2. Mining and processing: Improving mining and processing technologies to increase efficiency and reduce costs.
  3. Value addition: Encouraging value addition in the mineral sector, such as the production of mineral-based products, to increase the sector's contribution to GDP.
  4. Infrastructure development: Developing infrastructure, such as ports, roads, and railways, to support the growth of the sector.
  5. Policy and regulatory framework: Strengthening the policy and regulatory framework to promote investment, ensure environmental sustainability, and protect the interests of all stakeholders.

Overall, the government's target of increasing the mineral sector's contribution to GDP to 3% by 2025 is an ambitious goal that requires a coordinated effort from various stakeholders, including the government, industry, and civil society.