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Growth in Mineral Production

  • 06 May 2024
  • 1 min read

Source: PIB

Recently, India's mineral production witnessed an 8.2% year-on-year growth for the period April-February 2023-24 according to provisional data from the Indian Bureau of Mines.

  • The index of mineral production for the mining and quarrying sector in February 2024 is 139.6, which is 8.0% higher compared to February 2023.
  • Important minerals showing positive growth during February 2024 over February 2023 include: Gold (86%), Copper (28.7%), Bauxite (21%), Coal (12%), Natural gas (U) (11%), Petroleum(crude) (8%).
  • Other important minerals showing negative growth include Iron Ore (-0.7%) and Lead (-14%).

Index of Industrial Production:

  • IIP is an indicator that measures the changes in the volume of production of industrial products during a given period.
  • It is compiled and published monthly by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation.
    • Base Year for IIP is 2011-2012.

Read more: Index of Industrial Production

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