India's Mineral Output Surges 13% in October 2023
By Rediff Money Desk, NEWDELHI Jan 01, 2024 21:12
India's mineral production rose by 13.1% in October 2023, driven by increases in iron ore, manganese ore, gold, and coal. Learn more about the key drivers of this growth.
![India's Mineral Output Surges 13% in October 2023](https://im.rediff.com/money/2023/dec/28minerals.jpg)
Photograph: Steve Marcus/Reuters
New Delhi, Jan 1 (PTI) India's mineral production went up 13.1 per cent in October 2023, over the same month a year ago, the government said on Monday.
The index of mineral production of the mining and quarrying sector for October was 127.4, 13.1 per cent higher than October 2022, as per the provisional figures of Indian Bureau of Mines (IBM).
The cumulative growth for the April-October period of the current fiscal over that of the year-ago period is 9.4 per cent.
The minerals that showed positive growth in October included iron ore, manganese ore, gold, and coal. Important minerals showing negative growth included lignite, copper conc, and bauxite.
The index of mineral production of the mining and quarrying sector for October was 127.4, 13.1 per cent higher than October 2022, as per the provisional figures of Indian Bureau of Mines (IBM).
The cumulative growth for the April-October period of the current fiscal over that of the year-ago period is 9.4 per cent.
The minerals that showed positive growth in October included iron ore, manganese ore, gold, and coal. Important minerals showing negative growth included lignite, copper conc, and bauxite.
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