How does the cancellation of the auction of mineral blocks impact India's economy
Government cancels auction of 11 critical mineral blocks
- The cancellation of the auction of mineral blocks can disrupt the government's plans to attract investments in the mining sector.
- It may lead to a shortage of critical minerals required for various industries, impacting production and economic growth.
- Investor confidence in the mining sector may decrease due to uncertainty regarding future auctions and policy consistency.
- The cancellation may also affect employment opportunities and revenue generation for the government from mineral resources.
- Overall, the impact on India's economy could be negative in terms of investment, production, employment, and revenue if the auction of critical mineral blocks is canceled.
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11 months ago