India’s mining and quarrying sector achieved a notable milestone in October 2023, with the mineral production index rising by 13.1% compared to the same month in the previous year. The index, based on the 2011-12 base year, reached 127.4, as reported by the Indian Bureau of Mines (IBM).
This growth was driven by significant increases in the production of key minerals. Iron ore production surged by 66.8%, with its value escalating from ₹3,518 crore to ₹8,411 crore. Other minerals, such as coal, lignite, and limestone, also contributed to this upward trend.
Cumulatively, from April to October 2023, the sector recorded a 9.4% growth over the corresponding period of the previous year. This consistent performance underscores the sector’s resilience and its pivotal role in supporting India’s industrial activities.
The positive trajectory in mineral production reflects robust demand in industries such as steel, power, and construction. The government’s focus on infrastructure development and policy reforms aimed at enhancing mining operations have further bolstered this growth.
