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Indian Journal of Marketing

ISSN: 0973-8703 Frequency: Monthly Peer Review: Double-blind Published since: 1968 Language: English
A publication of AMCPL
amcon.co.in
New Delhi, India
Indexed in: Scopus Q3 UGC-CARE Group II ABDC: C Google Scholar J-Gate NAAS NISCAIR Crossref

Original Article

Open Access Original Article

Impact of Policy Shift on Elasticity of Substitution in Indian Non-Metallic Mineral Industry

S. Ganesan1R. Rajanbabu2

1 Lecturer, Department of Economics, Bharathidasan University, Tiruchirappalli, Tamil Nadu

2 Research Scholar, Department of Economics, Bharathidasan University, Tiruchirappalli, Tamil Nadu

Volume 39
Issue 12
Pages 16–22
Year 2009
Published: Dec. 1, 2009
Abstract

India, with diverse and significant mineral resources, is the leading producer of some of the minerals. Of the 89 minerals produced in India, 52 are non-metalic, 11 metallic, 4 fuel minerals and 22 minor minerals. The share of the mineral sector in the gross domestic product (GDP) of the country is around 3.5 percent while accounting for 10 percent share in the index of industrial production. Though 80 percent of the mines are in the private sector, yet 91 percent of the production in terms of size comes from the government owned mining ventures. Mining employs over 8 lakh persons.India is the largest producer of mica blocks and mica splitting; ranks third in the production of barites and chromites; 4th in iron ore, 6th in bauxite and manganese ore, and 10th in aluminum and 11th in crude steel. Iron- ore, copper-ore, chromites, zinc concentrates, gold, manganese ore, bauxite, lead concentrates and silver account for the entire metalic production. Limestone, magnesite, dolomite, barites, kaolin, gypsum, apatite and phosphorite, stealite and fluorite account for 92 percent of non-metallic minerals.

How to Cite

S. Ganesan, R. Rajanbabu (2009). Impact of Policy Shift on Elasticity of Substitution in Indian Non-Metallic Mineral Industry. Indian Journal of Marketing, 39(12), 16–22.

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