Economic Outcomes of Mineral Royalty Policies on Chhattisgarh's Regional Development: A Policy Analysis

Trilok Chand Bagh; Amit Sharma

doi:10.59367/rcx87d70

Authors

Trilok Chand Bagh Faculty of Commerce and Management, Kalinga University, Raipur, India
Amit Sharma Faculty of Commerce and Management, Kalinga University, Raipur, India

DOI:

https://doi.org/10.59367/rcx87d70

Abstract

This study investigates how mineral royalty policies impact the economic development of Chhattisgarh, an Indian state abundant in minerals. The study seeks to evaluate the impact of mineral royalties on the region's development by examining the financial consequences of these policies, with a focus on fiscal revenue generation and socio-economic progress. The study combines qualitative and quantitative approaches, utilizing knowledge from past research and existing policy guidelines. The results show that even though mineral royalties have greatly increased state revenue, their effect on fair regional development is not consistent, mostly because of governance issues and lack of reinvestment in affected regions. The research recommends policy changes to improve the efficiency of royalty policies, promoting sustainable and inclusive growth in Chhattisgarh.

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