Minerals
The mineral wealth of India is estimated to be in excess of ₹5,000 lakh crore, or about ₹40 lakh per Indian.[1] 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.[2]. 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.
References
- ↑ 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
