SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Mining sector output declines during 2000-08 due to higher crude oil imports: RBI Report

12 Jun 2014 Evaluate

India’s mining sector witnessed a marked fall in output during 2000s on account of country’s rising dependence on crude oil imports. The Reserve Bank of India (RBI) report, which is based on trends in output growth and labour productivity growth during 1980-2008 in six broad sectors, has highlighted that the output of mining sector has declined during the period 2000-2008 as increased domestic demand for crude oil was being met trough the imports rather than domestic production. 

Further, the RBI’s report noted that the sector like agriculture, mining and quarrying witnessed decline in productivity during period 2000-2008 as compared to period 1980-1999.   However, there has been a revival of productivity growth in many industries since 2000. Sectors such as manufacturing, electricity, gas & power and services showed improvements in total factor productivity (TFP), the report added. The growth of manufacturing sector stood at 6.13 percent per annum during the period under study.

The report further highlighted that the gross value added (GVA), which is the value of output minus the value of intermediate inputs, rose by about 2 percentage points between 1980-99 and 2000-08, showing a rise to 7.6 percent per annum during 2000-08 from 5.2% per annum during 1980-99. The broad sector such as manufacturing, construction and services experienced acceleration in value added growth rate between 2000 and 2008. Among these three sectors, construction sector showed high acceleration in value added growth with trend growth rate in real gross value added of construction increasing from 4.7% per annum during 1980-99 to close to 10% per annum from 2000- 08. Further, the report also found that during the period 1980-2008, the growth in persons employed was driven mainly by construction and the services sectors.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×