Low focus on Exploration: India is also far behind in expenditure towards exploration. It accounts for only 0.3%, compared with over 19% by Canada, 12% by Australia, 7% by United States and 4.5% by China. Moreover India has only explored 15% of its geologically potential area, which is very low in comparison of Australia where it accounts for 95%.
Lack of availability of baseline geo scientific data: The Geological Survey of India is yet to expand its focus on baseline data generation to encourage exploration activities for the development of mining sector.
