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Digging our way to prosperity
Context
Afghanistan's potential to emerge as a global exporter of minerals, particularly likening it to the Saudi Arabia of lithium.
Mineral Wealth Potential in Afghanistan
- Trillion-Dollar Minerals:S. Defense findings suggest the Nurestan province's Hindu Kush range may hold vast rare earth minerals, but China and the Taliban might exploit these resources.
- Transition to Electric Mobility: Global mobility shifts from oil to electric, making critical minerals like lithium and rare earths crucial, akin to the Middle East's oil.
- Opportunity for India: Geological links hint at similar mineral wealth in India's northern Hindu Kush; India's underexplored landmass demands large-scale exploration for critical minerals.
India's Potential Gain
- Exploration & Job Creation: Mining generates more jobs per economic growth percentage than agriculture or manufacturing, especially for marginalized groups.
- Global Mining Resurgence: A global critical minerals race, marked by tech-intensive exploration, demands India's active role to cater to increasing global demand.
- Boston Consensus: Emphasizing job-focused industrial policies over GDP growth aligns with the Kennedy School initiative, redefining economic development.
Future Imperatives
- Job Opportunities from Minerals: The rise in electric mobility fuels mineral demand, offering significant job prospects, especially for marginalized communities in India.
- India's Economic Reimagination: The focus should shift from GDP maximization to labor market improvement, aligning with the new 'Boston Consensus' economic doctrine.
- Strategic Planning for Mineral Demand: India must capitalize on the opportunity by actively exploring and regulating the mining sector for future global demand.
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