Natural resources are the usable environmental resources of a country that can be segregated in two categories – renewable (air, water, solar radiation, agricultural, crops, etc.), and non-renewable (land, fossil fuels, minerals, etc.). The supply of natural resources in India can be termed as moderate, whereby it is abundant in some resources, but short in others.
Most significant mineral resources in India are Iron ore, Manganese, Chromite, Bauxite, Titanium ore, Mica, Diamonds, Limestone, Thorium, Gold, Petroleum, and Natural Gas. India has the largest Thorium reserves in the world, along the coast of Kerala and the third largest coalmines spread across some states in eastern and central parts.
India ranks at 12th place in the terms of natural gas reserves and imports small amounts of the resource. However, with the growing demand of CNG (compressed natural gas) as a more efficient fuel option, discovery of more reserves is critical for attaining self-sufficiency. Most of India’s petroleum reserves (second largest in Asia Pacific) are found in Bombay High, with some newly discovered resources in the Bay of Bengal and Rajasthan. However, currently, only 40% of the domestic demand is met by indigenous oil exploration and India depends heavily on oil imports.
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