Tecknotrove25 Aug, 2023Technology
The mining industry plays a major role in the economies of many countries across the world. Indian Mining and quarrying sector contributes around 2.5% of the Gross Domestic Product (GDP). With a year in year growth of 1.7 %, GDP from Mining in India averaged 758.59 INR Billion from 2011 until 2023. Whereas Indonesia- a major player in the global mining industry has seen it?s mining sector?s share in GDP contribution growing rapidly in the last five years, from just 7.18% in 2016 to over 12% as of the end of 2022. Mining roughly accounts for over one-tenth of Indonesia?s GDP and has been integral to its economic growth. On the other hand Saudi Arabia aims to triple its mining contribution to reach $64bln by 2030.
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