Many experts have called out to the government that the mining and quarrying industry would most likely suffer more as it contracts by 2.8% in the first quarter of the year. The only way this can be avoided is if the major issues of the sector are resolved at the soonest possible time. 

These issues besetting the industry include the length of time for approvals for iron ore mining and coal production applications. These would help increase production which would not only benefit the mining sector in particular but also help in the general investment cycle of the Indian economy.

According to Crisil's Chief Economist DK Joshi, in an interview with PTI said, "We are assuming negative growth figure in the mining sector in the current fiscal. However, we are also watching statements coming out from government regarding restarting mining in some regions, which may turn things towards a positive growth territory."

Joshi added that the mining sector is constraining the growth of the economy for the present, negative growth is also posing a risk to the current account deficit numbers. Overall, GDP growth slipped to 4.4% in the first quarter of the current financial year with mining and quarrying, after a negative growth of 2.8% during this period.