With mining sector in the pits, GDP growth to take a big knock

NEW DELHI: An unprecedented crackdown on corruption in India's mining industry, led by the Supreme Court and state-level agencies such as Karnataka's Lokayukta, coupled with rigorous enforcement of environmental norms is resulting in collateral damage to the economy, with plunging mining output leading to a fall in industrial production and GDP growth. The suspension of mining activity by the Supreme Court across large parts of Karnataka, after a committee appointed by the court detected widespread damage to the environment, combined with restrictions on ore exports in many states was reflected in a 7.2% decline in mining output in October this year. 

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