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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. | 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