New Delhi, Dec. 29 -- India has the world's third-largest rare earth reserves, but its production remains among the lowest compared to major global players, highlighting a sharp gap between resource availability and actual output, according to a report by Amicus Growth.

Data showed that India holds about 6.9 million tonnes of rare earth oxide (REO) reserves, placing it behind only China and Brazil. China tops the list with 44 million tonnes of reserves, followed by Brazil with 21 million tonnes.

Other countries with notable reserves include Australia (5.7 million tonnes), Russia (3.8 million tonnes), Vietnam (3.5 million tonnes) and the United States (1.9 million tonnes).

Despite its strong reserve position, India's production remains ...