BMI View: India’s mining industry will continue to be characterised by regulatory and bureaucratic hurdles, while corruption will stifle growth in an already poor operating sector. Overall, we forecast the country’s mining industry to reach a value of US$56.9bn by 2017, growing at an average rate of 5.0% a year. Despite the attractive prospects presented by the underdeveloped mining sector, we believe growth in the mining industry will continue to be curtailed by the country’s poor operating environment. India has a wide range of globally significant mineral resources, ranking among the world’s top five countries for its core competency commodity …
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