India has always been one of the world’s great sources and markets for industrial minerals, but now looks set to significantly raise its profile.

Already the world’s fifth largest manufacturer, India remains on track to be the world’s fastest growing economy with the International Monetary Fund estimating gross domestic product growth of 7.3 percent for fiscal 2019 and 7.4 percent for fiscal 2020.

Meanwhile, the fiscal average in GDP growth in the last five years has topped 7.5 percent, defining a new normal for the Indian economy.