The two major Asian countries, India and China have definitely helped the world a lot in coming out of the recessionary period, especially when the developed countries were down and were with lower consumption.

The demand for commodities in China and India is increasing and the increased demand has led to a surge in the mining activity of Australia, claimed the central bank of Australia. The Reserve Bank of Australia also stated that the surge could last for about 15 years or even more.

Ric Battellino, deputy governor of the RBA, said that the fixed exchange rates had affected the trade flows in a negative manner and also there was a threat of inflation rates going up, but the country now was better placed to deal with any kind of economic challenges. He also claimed that the boom in this field was there since 2005 but was hampered by the global financial crisis in 2009. The country is now attracting a lot of foreign investors.

He further added that this year's Australia's GDP numbers will probably have a much higher percentage of the Mining activities contribution more than any of the previous years.