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  • The rise in infrastructure development and automotive production is driving the growth of the metals and mining industry in India.
  • The growth in the mining industry in terms of production of minerals has significantly improved in comparison to recent past. It is pertinent to recall that the industry recorded a negative growth of 0.6% for two consecutive years (2011-12 and 2012-13).
  • The total value of mineral production (excluding atomic & fuel minerals) during 2018-19 has been estimated at $16.53 bn which shows an increase of about 10.11% over
  • That of the previous year. The states that have witnessed an increase in the value of mineral production are:
    • Karnataka – 30.66%
    • Chhattisgarh – 29.98%
    • Rajasthan – 25.61%
    • Goa – 23.46%
    • Odisha – 21.98%
    • Madhya Pradesh – 17.34%
    • Maharashtra – 2.07%
    • Jammu and Kashmir – 1.35%
  • The value of metallic minerals increased by 26.86% in 2017-18.
  • During 2017-18 (excluding atomic, fuel, and minor minerals), the private sector emerged to play a dominant role in mineral production accounting for 67.33% or $5.26 bn crore in the total value.
  • There has been a notable turn around ever since the government has taken initiative for policy reforms.
  • Minerals like manganese, lead, copper, alumina are expected to witness double-digit growth in the years ahead. There is a significant scope for new mining capacities in iron ore, bauxite, and coal.
  • India has an advantage in the cost of production and in conversion costs of steel and alumina.