The mining sector’s contribution to India’s gross domestic product (GDP) has been falling over the past several years, largely owing to the under-exploration of obvious geological potential and decreasing per unit expenditure on exploration. This is according to the Federation of India Mineral Industries (FIMI), which in a report states that the mining industry’s contribution (excluding petroleum and natural gas) to India’s GDP in 2018/19 was pegged at 1.63%, down from a peak of 1.93% in 2012/13.
