INDIAN MINING INDUSTRY AT A GLANCE IN 2019 - 2020 India produces about 95 minerals out of which 4 are fuel-related minerals, 10 metallic minerals, 23 non-metallic minerals, 3 atomic minerals and 55 minor minerals.
The rise in infrastructure development and automotive production in the Indian subcontinent are driving growth in the Mining sector. Power and cement industries’ growth and expansion are also aiding growth in the metals and mining sector. Demand for iron and steel is set to continue with the growth in commercial and residential constructions.
Market Size
India is the third largest producer of coal. India’s coal production in FY19 reached 739.36 million tonnes.
India ranks fourth in terms of iron ore production globally. Production of iron ore in FY19 stood at 187.60 million tonnes. India has around eight per cent of world’s deposits of iron ore. India’s iron and steel export during between April-January 2019-20 stood at US$ 7.96 billion
India became the world second largest crude steel producer in 2019 with output 106.5 million tonnes. The Government of India is taking steps boost the country's domestic steel sector and raise its capacity to 300 million tonnes (MT) by 2030-31.
India has the 7th largest bauxite reserves, around 2,908.85 million tonnes in FY19. Aluminium production stood at 2.25 MT in FY19 and is forecasted to grow to 3.33 million tonnes in FY20.
The index of mineral production was 105.6 till February 2019 showing an increase of 3 per cent as corresponding period of the previous year in the overall mineral production.
Mining group under the Index of Industrial Production (IIP) stood at 104 for Apr-Dec 2019, showing a growth of 0.6 per cent in April-December 2019.
Investments
During April 2000–September 2019, FDI inflows into metallurgical industries stood at US$ 11,401.60 million. During the same period, FDI inflows in the mining, diamond and gold ornaments and coal production sectors stood at US$ 2,652.60 million, US$ 1,165.01 million and US$ 27.73 million, respectively.
