Natural resources and its significance

1. PRESENTATION ON NATURAL
RESOURCES AND ITS SIGNIFICANCE
IN THE PROCESS OF ECONOMIC
DEVELOPMENT IN INDIA
Submitted
by
Abhijit Gogoi
Abhinob Nowkakshee
Aditya Barbora
Akash Jyoti Gogoi
Alisha Rahman
(Centre for Management Studies)
Faculty – Astt. Prof. Parthajit Doley
Subject – Business Environment

2. INTRODUCTION
• Natural resource is a source of products that are inherent to the earth.
• Any material which is a part of earth and satisfy human need and add value is
called a resource.
Eg. Rock, soil, water bodies, plants and animals
• Natural resources are classified into three parts on the basis of Origin, Renewability,
and Distribution.

3. CLASSIFICATION
• On the basis of origin:
1. Biotic
2. Abiotic
• On the basis of renewability:
1. Renewable resource
2. Non-renewable resource
• On the basis of distribution
1. Ubiquitous resources
2. Localised resources

4. VARIOUS NATURAL RESOURCES
AND THEIR USES
• Air
• Animals/plants
• Soil
• Solar
• Forest
• Water

5. NATURAL RESOURCES AND THE ECONOMY
• Natural resources, both renewable and non renewable, and the
ecosystem services are a part of real wealth of a nation.
• They are the natural capital out of which other forms of capital are
made.
• They contribute towards fiscal revenue, income and poverty
reduction.
• Sectors related to natural resources provide jobs and are often the
basis of livelihood in poorer communities.

6. Some of the natural resources playing a major role in the nation’s
economic development:
• Forestry
• Coal
• Oil and Natural gas

7. FORESTRY
• Area - 67.83 million hectares
• India’s forests are worth $1.7 trillion, more than the GDP of Russia or
Canada
• Forestry Contributes 2 % of India’s GDP
• Significant forest products of India - paper, plywood, bamboo, grass
and fodder, drugs, herbs, cosmetics

8. COAL
• India’s coal reserves have been assessed at about 286 billion tons as of
2014.
• India is currently the third largest hard coal producer in the world.
• Coal India is the synonym of coal sector in India contributing 86 per
cent of coal production.
• 484 mines spread over eight states.
• Second biggest corporate employer in the world, with approximately
5.3 lakh employees.

9. OIL AND NATURAL GAS
• India is the 6th largest consumer of petroleum
• The contribution of the Indian Oil and Natural Gas Industry is nearly US$
13.58 billion
• The production of natural gas in the year 2006-07 was 31.55 billion cubic
meters
• The cost effective refining in India is attracting the attention of several
international players
• India is one of the most important markets for petroleum products and crude
oil
• India is one of the largest investors in oil fields located abroad

10. CONCLUSION
Economic growth over time reflects both population and per
capita GDP growth. This growth depends on increases in
capital stock and technological progress, as well as increased
supplies of energy, natural resources, and the capacity of the
environment to absorb wastes.

11. REFERENCES
• Environmental Studies
• http://business.mapsofindia.com/india-gdp/industries/oil-natural-gas.html
• https://www.ibef.org/industry/oil-gas-india.aspx
• https://qz.com/754932/indias-forests-are-worth-1-7-trillion-more-than-the-gdp-of-
russia-or-canada/
• https://biodiversitynet.blogspot.in/2011/12/forestry-contributes-2-of-indias-gdp.html