• 6 hours Trump Wants Another $2 Trillion Economic Intervention
  • 24 hours The Surprising Businesses Deemed “Essential” During The Coronavirus Lockdown
  • 1 day Priceless Van Gogh "Spring Garden" Painting Stolen
  • 1 day Oil Falls To $20 For First Time In Nearly Two Decades
  • 1 day COVID-19 Could Be The End Of U.S. Coal
  • 2 days How Much Does Your Social Security Number Cost? $4 On The Dark Web
  • 3 days Silver Stocks Have Been Decimated In The Coronavirus Sell-Off
  • 4 days How Blockchain Tech Could Make Mergers And Acquisitions More Efficient
  • 4 days America’s Shortage Of This Metal Keeps Trump Up At Night
  • 5 days Bidet Bonanza: Defying The Toilet Paper Shortage
  • 5 days U.S. Auto Sales Fall By 75%
  • 6 days Violating Quarantine? Big Brother Is Watching
  • 6 days Does Gold Still Have Some Room To Run?
  • 6 days Major Acquisition Gives The World’s First Green Ride-Share Another Edge
  • 7 days U.S. Pushes For Digital Currency For Immediate Stimulus
  • 7 days The Impossible Challenges Created By Growing Population
  • 7 days Gold Skyrockets After Fed Pledges "Unlimited" Cash To Boost Economy
  • 8 days World’s Richest Lose $1 Trillion In Stock Market Rout
  • 8 days Gas Stations Shut Down In Venezuela As Coronavirus Crisis Intensifies
  • 8 days The Best And Worse Case Scenario For The U.S. Stock Market
Does Gold Still Have Some Room To Run?

Does Gold Still Have Some Room To Run?

The gold-silver ratio keeps going…

America’s Shortage Of This Metal Keeps Trump Up At Night

America’s Shortage Of This Metal Keeps Trump Up At Night

Everything from the 5G revolution…

Mining.com

Mining.com

Mining.com

MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. The site is a one-stop-shop for mining industry…

Contact Author

  1. Home
  2. Commodities
  3. Precious Metals

India's Elections Could Be A Boon For Mining Sector

Bullish

India is currently holding its Lower House general elections and Fitch’s Solutions’ Country Risk team expects Prime Minister Narendra Modi’s National Democratic Alliance, led by the Bharatiya Janata Party (BJP), to win the most number of seats, but fall short of a simple majority in the Lower House.

Under this scenario, Fitch forecasts in its latest industry trend analysis, India's mining sector would see solid growth in the coming years, boosted by the Bharatiya Janata Party's friendly policies towards mining, vast mineral reserves and improving commodity prices.

Policy continuity of Modi's reforms in the mining industry would drive substantial positive changes despite slow implementation, the analysts say. Since coming to power in 2014, the Modi government has enacted a series of liberalising reforms in an attempt to increase foreign investment into the sector.

Modi's re-election would also safeguard the new National Minerals Policy (NMP) approved in March 2019, according to which the government aims to increase the production of major minerals by 200% in seven years.

The possibility of an opposition win by the Indian National Congress poses risks to Fitch’s forecast, as the party has promised to better enforce the Forest Rights Act in their manifesto.

The results of the election will be released May 23.

By Mining.com

More Top Reads From Safehaven.com

Back to homepage

Leave a comment

Leave a comment