The mining industry in India is an important one. It creates employment for hundreds of thousands of people and contributes significantly to the economy of India. According to Wikipedia, the GDP contribution of the mining industry varies from 2.2% to 2.5% only, but going by the GDP of the total industrial sector it contributes around 10% to 11%. Even mining done on a small scale contributes 6% of the entire cost of mineral production.
There are around 700 000 people employed in the mining industry in India. According to Wikipedia, India is the largest producer of sheet mica, the third largest producer of iron ore and the fifth largest producer of bauxite in the world.
The mining industry in India has always been an extremely complicated one, as it has never ending issues around human rights violations and environmental pollution. There are sadly areas in India where there are thousands of underage workers, some believed to be as young as 8 or 9, that are being lured by the wages offered into working illegally in mines, often in terrible and dangerous conditions. India does uphold mining safety standards and has a ban on child labour, but due to loopholes, child labour continues to happen on a large scale basis.
Salaries in India:
According to Wikipedia, India’s per capita income (nominal) is $1219, this is ranked 142nd in the world, with a quarter of the nation’s population earning less than the government specified poverty threshold of $0.40/day. 27% of the population was also living below the poverty line in 2004 – 2005.
From the preliminary results from our 2013 Salary Survey, it seems that both Geologists and Mining Engineers are fairing pretty well salary wise in comparison to many other industries in India (by mansour ramses). One does need to always keep in mind, that salaries are always highly determined by the level of skill, where the organisation is based and which organisation you are working for, and salaries for both Geologists and Mining Engineers can vary tremendously depending on these conditions.
To get some kind of idea as to how Mining professionals in India are fairing salary wise in comparison to professionals in other industries, I did a comparison to professionals working in India in IT. Senior Software Developers are earning around $ 4 404.20 or more, and Senior Software Developers are earning $ 7 569.72 or more.
What are Geologists and Mining Engineers in India earning?
According to the preliminary results of our 2013 Salary Survey, it seems that Geologists and Mining Engineers in India are earning relatively high salaries in comparison to many other professions. The average salary for a Geologist in India is $11 250 per annum. The average salary for a Mining Engineer in India is $15 250.
These salaries appear to be a fair amount more than what the vast majority of people working in India are earning. In comparison to salaries of Geologists and Mining Engineer’s working in other regions, such as Canada, the United States, Australia and the United Kingdom, the salaries are dismal, however when comparing salaries from one region to another, there are many factors that need to be taken into consideration, such as the cost of living etc.