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India‟s National Mineral Policy (NMP) 2019 proposes to increase the mining of minerals by 200% in the next seven years. The objective is to reduce the trade deficit in the mineral sector by 50% and increase the share of manufacturing in the national GDP. An increase in domestic extraction of key minerals, such as iron, manganese and limestone, will certainly provide economic stimulus to the local regions besides offering a stable base to the manufacturing sector. The immediate benefits of domestic mineral extraction will be an increase in royalties to the state governments and employment and income generation due to forward and backward multiplier effects.

ecology, economy and society--the insee journal

On National Mineral Policy 2019 — balancing stakeholder interests and concerns: Economic Opportunities and Environmental Challenges Offered by India’s New Mineral Policy