What are Critical Minerals ?
Critical minerals are minerals vital for both economic progress and national security. Insufficient availability or disproportionate extraction and processing in limited geographical areas can result in vulnerabilities within supply chains, potentially leading to disruptions in supply.
Significance of Critical Minerals for India
Critical minerals are crucial for India's economic development, powering industries like electronics, telecommunications, and defense while driving growth in green technologies such as solar panels and electric vehicles. Their importance extends to national security, supporting defense, aerospace, and space applications. Additionally, they play a key role in environmental sustainability by facilitating the transition to clean energy and reducing reliance on fossil fuels, aligning with India's goal of achieving 450 GW of renewable energy capacity by 2030.
