The mineral wealth of India is estimated to be in excess of ₹5,000 lakh crore, or about ₹40 lakh per Indian. India is richly endowed with various natural resources. In 2014, India ranked first in world production of garnet and iron oxide pigments; second in cement and graphite; third in chromium, lime, nitrogen, and pig iron; fourth in crude steel and iron ore. India is particularly rich in metallic minerals such as manganese, chromite, titanium and has world’s largest reserves of mica and bauxite.. According to an estimate by Schlumberger in 2015, India holds a minimum of 300 trillion cubic feet (Tfc) of gas and oil resources. An estimate of US Geological Survey reveals that India might be the world's second-largest holder of gas hydrate reserves. The total amount of reserves that India has can be between 300 and 2,100 (Tfc) as per the estimate by Schlumberger in 2015.
- Kundu, S. (2014). A Note on the Estimated Value of Government-Owned Natural Resources in India. New Delhi: Centre for Budget and Governance Accountability. Retrieved April 16, 2018, from http://www.cbgaindia.org/wp-content/uploads/2016/03/Estimated-Value-of-Government-Owned-Natural-Resources-in-India.pdf
- 2014 Minerals Yearbook - India, United States Geological Survey. Accessed: April 18, 2016 https://minerals.usgs.gov/minerals/pubs/country/2014/myb3-2014-i