Mining Industry in India | UJA Market Report


  • The estimated provisional total value of mineral production (excluding atomic, fuel, and minor minerals) for 2023-24 is INR 1,412,390 million, marking ~14.8% increase compared to the INR 122,9230 million recorded in 2022-23.
  • The estimated provisional value of metallic minerals for 2023-24 is INR 1,275,990 million, accounting for 90.3% of the total mineral production value.
  • The production of non-metallic minerals is valued at INR 136,400 million, accounting for 9.7% of the total value.
  • India’s mining GDP rose from INR 768,770 million in the third quarter of FY23 to INR 826,800 million in the third quarter of FY24.


Overview: Indian Mining Industry

  • India has a large variety of metallic and non-metallic minerals. The mining industry is an important part of the Indian economy. Since independence, mineral production has grown significantly in terms of both quantity and value. India produces 95 different types of minerals, including 4 fuel, 10 metallic, 23 non-metallic, 3 atomic, and 55 minor minerals, including building and other materials.

  • The country is mostly self-reliant in producing key metallic minerals like bauxite, chromite, iron ore, lignite, coal, and other mineral fuels.

  • The mining industry is crucial for India’s economic growth because it supports other sectors like power, steel, and aluminum. These industries are connected to important manufacturing sectors such as automotive, chemicals, steel, and cement, as well as infrastructure projects like roads, railways, and real estate.

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