India spent only Rs 800-900 crore on mineral exploration in last 60 years, says panel

India, the world’s second fastest growing economy, has spent not more than Rs 800-900 crore in the past 60 years in mineral exploration. According to a committee set up by the Union mines ministry, the country has emerged as a poor performer in composite policy and mineral potentials as compared to Chile, Western Australia, Arizona, Brazil and Peru.

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