India ranks third in terms of global production of natural stones
India ranks third in terms of global production of natural stones, and accounts for an 11% share of the global market. Marble, Granite, Limestone, Slate and Sandstone are the chief materials that India exports.
Stone exports have gone up from around INR 300 crore to nearly 430 crore in the four years between 2013-2016. And the trend looks set to continue in the future as well, making the India marble & stone market one of the bright spots in an economy that is already looking to grow as aggressively as is possible. In addition to exports, India natural marble production stood at some INR 2,925 crore in 2016, implying that India marble & stone market may just provide the impetus to an economy which wishes to emulate China’s export based growth model. The INR 2,925 crore figure in 2016 also comes on the back of some stupendous growth in the sector, given that the market was less than half of this not 6 years back, languishing at INR 1395 crore in 2011.
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