Mining's share of India's GDP fell to 1.53% in FY18 from 1.93% in FY13

India's GDP grew from five per cent to seven per cent during the same period

The mining sector’s contribution to the country's gross domestic product (GDP) has been declining in recent years, despite growth in production and value accretion. From 1.93 per cent in 2012-13, the mining sector’s share of GDP (excluding petroleum & natural gas) fell to 1.53 per cent in 2017-18. India's GDP grew from 5 per cent to 7 per cent during the same period.

However, the mining sector's diminishing contribution to GDP seems to belie its vast untapped potential. The value of minerals produced during the period under review was on an upswing — it rose from Rs 1.77 trillion to Rs