INDIAN MINING INDUSTRY AT A GLANCE IN 2018 - 2019 Industry Overview
India was the third largest producer of coal and fourth largest producer of iron ore in FY18. India produces around 95 minerals– 4 fuel-related minerals, 10 metallic minerals, 23 non-metallic minerals, 3 atomic minerals and 55 minor minerals.
Rise in infrastructure development and automotive production are driving growth in the Indian Mining sector. Power and cement industries are also aiding growth in the metals and mining sector. Demand for iron and steel is set to continue, given the strong growth expectations for the Indian construction industry.
Market Size
India is the 3rd largest producer of coal. Coal production in the country stood at 688.8 million tonnes in FY18. It stood at 576.00 million tonnes between Apr 2018 -Mar 2019.
India ranks 4th in terms of iron ore production globally. In FY18, production of iron ore stood at 210 million tonnes. India has around 8 per cent of the world’s deposits of iron ore.
India became the world’s second largest crude steel producer in 2018 with an output of 106.5 million tonnes.
According to Ministry of Mines, India has the 7th largest bauxite reserves- around 2,908.85 million tonnes in FY18. Aluminium production stood at 0.92 million metric tonnes during Apr-June 2018 and is forecasted to grow to 3.33 million tonnes in FY20.
Investments
Cumulative FDI inflows into the metals and mining sector between April 2000 and December 2018 stood at US$ 14.65 billion as per Department of Industrial Policy and Promotion (DIPP).
