With Mining in the Pits, Growth to Take a Big Knock
Sector with 14% share of IIP will slow down growth & affect power sector investments. An unprecedented crackdown on corruption in India’s mining industry, led by the Supreme Court and state-level agencies such as Karnataka’s Lokayukta, coupled with rigorous enforcement of environmental norms is resulting in collateral damage to the economy, with plunging mining output leading to a fall in industrial production and GDP growth.
Publication Date:
21/12/2011





