Challenges in international trade of minerals from South Rajasthan

International Trade is the exchange of capital, goods and services across international borders or territories. In most countries, such trade represents a significant share of Gross Domestic Product (GDP). Increasing international trade is crucial to the continuance of globalization.
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Challenges in international trade of minerals from South Rajasthan Challenges In International Trade of Minerals From South Rajasthan, Pallavi Mehta, Ankita Vaish, CHALLENGES IN 7.9270 Journal Impact Factor (2015): INTERNATIONAL TRADE OF MINERALS Calculated by GISI (www.jifactor.com) FROM SOUTH RAJASTHAN Pallavi Mehta1, Ankita Vaish2 Volume 6, Issue 6, June (2015), pp. 39-47 Article ID: 10120150606005 International Journal of Management (IJM) IJM IAEME: http://www.iaeme.com/IJM.asp ISSN 0976-6502 (Print) ISSN 0976-6510 (Online) ©IAEME 1 Associate Professor, Faculty of Management, Pacific Academy of Higher Education and Research University, Udaipur (Raj) 2 Research Scholar, Faculty of Management, Pacific Academy of Higher Education and Research University, Udaipur (Raj) ABSTRACT International Trade is the exchange of capital, goods and services across international borders or territories. In most countries, such trade represents a significant share of Gross Domestic Product (GDP). Increasing international trade is crucial to the continuance of globalization. There should be a balance between exports and imports otherwise the trade deficit will suppress the economic growth of a country. The global mining industry drives more than 45% of the world’s gross domestic products that facilitate growth of most of industries. The use of minerals has been instrumental in raising the standards of living mankind. The sophisticated world of today is largely the result of enlarged use of minerals. India produced as many as 86 minerals. The contribution of mining industry to India’s GDP increased from 1.9% in the Financial Year (FY) 2010 to 2.3% in the FY 2011. Rajasthan - A Mineral Rich State is geologically and mineralogically so endowed that it is called museum of minerals. 79 minerals are available in Rajasthan out of which 25 nos. hold monopoly at the national production. Quartz and Feldspar are important industrial mineral produced from Rajasthan in substantial quantities. 62% of the country production of feldspar is share by Rajasthan, similarly, 29% of country’s production of quartz is shared by the state. Both the minerals are important raw materials for ceramic, semi-conductor and glass industries. Both the minerals are produced and processed in substantial quantity from South Rajasthan. Key Words: Quartz, Feldspar, International Trade, Challenges, Opportunities, South Rajasthan RAJASTHAN – A MUSEUM OF MINERALS The State is geologically and minerologically so endowed that it is called as museum of minerals. Since independence, during last fifty years phenomenal progress in mineral field has been made in the state. Not only the production of minerals has increased manifold times but also many more minerals have been discovered and are being exploited on commercial scale. In the country, www.iaeme.com/ijm.asp 39 editor@iaeme.com Challenges In International Trade of Minerals From South Rajasthan, Pallavi Mehta, Ankita Vaish, Journal Impact Factor (2015): 7.9270 Calculated by GISI (www.jifactor.com) Rajasthan State occupies an important place in mineral production. In Rajasthan, a total of 79 minerals are available out of which 58 minerals are being commercially produced. Rajasthan is the sole producer of Garnet (gem variety), Jasper and Wollastonite in the country. Almost entire production of zinc (concentrate), calcite, asbestos and gypsum in the country are reported from Rajasthan. Besides, Rajasthan is also the leading producer of ball clay (40%), feldspar (70%), fluorite (graded) (59%), Kaolin (44%), lead concentrate (80%), ochre (72%), phosphorite (79%), silver (54%), steatite (85%), barytes (53%), copper (34%), quartzite (33%) and silica sand (21%). The percentage contribution of minerlas at national level from state of Rajasthan is shown in Table 1. Table.1: Percentage contribution of minerals at national level from state of Rajasthan S. % of India’s Mineral / Metal No. production 1 Wollastonite 100 2. Zinc-Concentrate 99 3. Lead Concentrate 95 4. Silver 95 5. Gypsum 95 6. Marble 90 7. Calcite 90 8. Ochres 90 9. Soapstone 90 10. Rock Phosphate 85 11. Bentonite 80 12. Fuller’s earth 74 13. China Clay 70 14. Ball Clay 70 15. Sandstone 70 16. Flagg Limestone 70 17. Feldspar ...