Growth in Mineral Production | 06 May 2024
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