Description

The Indian Mining Industry: An Economic, Social, and Environmental Analysis delves into the intricate workings of India's mining sector by exploring the complex interplay between profit, people, and the planet. Using statistical data, case studies, and expert opinions, Parida and Madheswaran examine the productivity, efficiency, and compliance of the Indian mining industry, focusing on Odisha's Jajpur district as a case study. By employing plant-level data from 2000 to 2017 and advanced econometric methods, the authors reveal the industry's impact on output, income, and employment, while highlighting key challenges such as a low reserves-to-production ratio, inadequate investment and infrastructure, procedural delays, land acquisition issues, a shortage of skilled human capital, corruption, lack of sustainability, and a complex policy environment. The book also examines energy efficiency across sub-sectors and the environmental and social performance of mining firms, revealing significant gaps in compliance and commitment towards maintaining environmental quality and biodiversity. This comprehensive analysis thus provides valuable insights for academicians, practitioners, and policymakers aiming to balance economic growth with sustainable development.