{"id":1112990,"date":"2019-04-26T20:40:08","date_gmt":"2019-04-26T20:40:08","guid":{"rendered":"http:\/\/www.mining.com\/?p=984627"},"modified":"2019-04-26T20:40:08","modified_gmt":"2019-04-26T20:40:08","slug":"indias-2019-elections-bode-well-for-mining-sector-report","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1112990","title":{"rendered":"India\u2019s 2019 elections bode well for mining sector \u2014 report"},"content":{"rendered":"<p>India is currently holding its Lower House general elections and <em>Fitch\u2019s Solutions\u2019<\/em> Country Risk team expects Prime Minister Narendra Modi\u2019s National Democratic Alliance, led by the Bharatiya Janata Party (BJP), to win the most number of seats, but fall short of a simple majority in the Lower House.<\/p>\n<p>Under this scenario, <em>Fitch<\/em> forecasts in its latest industry trend analysis, India&#8217;s mining sector would see solid growth in the coming years, boosted by the Bharatiya Janata Party&#8217;s friendly policies towards mining, vast mineral reserves and improving commodity prices.<\/p>\n<p>Policy continuity of Modi&#8217;s reforms in the mining industry would drive substantial positive changes despite slow implementation, the analysts say. Since coming to power in 2014, the Modi government has enacted a series of liberalising reforms in an attempt to increase foreign investment into the sector.<\/p>\n<p>Modi&#8217;s re-election would also safeguard the new National Minerals Policy (NMP) approved in March 2019, according to which the government aims to increase the production of major minerals by 200% in seven years.<\/p>\n<p>The possibility of an opposition win by the Indian National Congress poses risks to <em>Fitch\u2019s <\/em>forecast, as the party has promised to better enforce the Forest Rights Act in their manifesto.<\/p>\n<p>The results of the election will be released May 23.<\/p>\n<p>Read Fitch\u2019s <a href=\"https:\/\/www.fitchsolutions.com\/products\/sector-intelligence\"  rel=\"noopener\">full report here.<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>The post <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/indias-2019-elections-bode-well-mining-sector-report\/\">India\u2019s 2019 elections bode well for mining sector \u2014 report<\/a> appeared first on <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/\">MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The results of the election will be released May 23.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/indias-2019-elections-bode-well-mining-sector-report\/\">India&rsquo;s 2019 elections bode well for mining sector &mdash; report<\/a> appeared first on <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/\">MINING.com<\/a>.<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[647,1240,404,369],"tags":[48,60,294],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1112990"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1112990"}],"version-history":[{"count":1,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1112990\/revisions"}],"predecessor-version":[{"id":1112991,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1112990\/revisions\/1112991"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1112990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1112990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1112990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}