The has recorded more than 200% Growth in revenue from themining and Metal sectorin the first six months of the current financial year. The states revenue from the mining and metal sector as on Thursday is estimated to be around Rs 19,118 crore, which is much more than the Rs 5,947 crore collected during the corresponding period of the previous fiscal.
The first six months collection from the sector is also more than the total collection of the previous fiscal as mining had contributed Rs 13,600 crore in the 2020-21 fiscal and Rs 11,000 crore in the previous financial year.
Though the states revenue from all sources is yet to be estimated officially, sources said it could be around Rs 33,000 crore by the end of September, which means that themining sectorcontributed over 60% of total revenue in the first half of the current fiscal.
Every year the mining sector contributes a major chunk to the states overall revenue. Over the past few years that has been in the region of 25%. Huge growth in revenue collection from the sector would come as a breather for the state government trying to bring the pandemic-hit economy on track.