India's Mineral Production Surge: Key Economic Indicators Strengthen
India's mineral production has seen significant increases in fiscal year 2024-25. Iron ore production reached 116 MMT, manganese ore rose by 15.4%, primary aluminium production up by 1.3%, and refined copper surged by 5.8%, signaling robust economic activity across multiple sectors.
- Country:
- India
India's mineral production has experienced robust growth in the first five months of the fiscal year 2024-25, according to the Ministry of Mines. Iron ore production surged to 116 million metric tonnes (MMT) from 108 MMT in the same period last year, reflecting a 7.4% increase.
Manganese ore production also saw significant gains, climbing 15.4% to 1.5 MMT from 1.3 MMT. This surge underscores the growing demand for manganese, especially in steel and alloy manufacturing.
Primary aluminium production registered a 1.3% uptick, reaching 17.49 lakh tonnes (LT) compared to 17.26 LT in the prior year. Refined copper output also rose notably by 5.8%, from 1.91 LT to 2.02 LT, positioning India among the top ten global producers. These trends indicate vigorous economic activities in sectors like energy, infrastructure, and automotive.
(With inputs from agencies.)
ALSO READ
CII Urges Balance in Fiscal Targets for Economic Growth
Rising Rajasthan Summit Set to Boost Employment and Economic Growth
India's Copper Demand Surges Amid Economic Growth
Mahindra's Bold Vision: Driving Rajasthan's Economic Growth at Global Investment Summit
Fitch Downgrades China's Economic Growth Forecast Amid Property Market Concerns