A Note on the Estimated Value of Government-Owned Natural Resources in India
This study makes an effort to estimate a part of the reserved resources owned by the Government, including hydrocarbons, which includes lignite, coal, petroleum, mines and minerals. The methods to value these resources are trade parity, export parity and import parity pricing. With the use of different methods of value addition for different resource bases, it is found that these resources amount to Rs. 5011.6 lakh crore and per-capita value of these resources stand about Rs.41.76 lakh. From this exercise it is observed that if all the resources under the ownership of Government would be valued, under the current market price, the per capita estimated amount would be Rs. 1 crore.