India holds a fair advantage in cost of production and conversion costs in steel and
alumina. Its strategic location enables convenient exports to develop as well as the fast-developing
India produces 95 minerals – 4 fuel-related minerals, 10 metallic minerals, 23
non-metallic minerals, 3 atomic minerals and 55 minor minerals (including building and other minerals).
Rise in infrastructure development and automotive production are driving growth in the sector. Power and
cement industries are also aiding growth in the metals and mining sector. Demand for iron and steel is
set to continue, given the strong growth expectations for the residential and commercial building
India is the 3rd largest producer of coal^. Coal production in the country stood at 688.8 million tonnes
in FY18. It stood at 576.00 million tonnes between Apr 2018 -Mar 2019.
India ranks 4th in terms of iron ore production globally. In FY18, production of iron ore stood at 210
million tonnes. India has around 8 per cent of world’s deposits of iron ore.
India became the world second largest crude steel producer in 2018 with output 106.5 million tonnes.
Mineral production in India grew at a CAGR of 5.72 per cent between 2013-14 and 2017-18E to reach US$
17.62 billion in 2017-18. Production of iron ore in FY19 (up to December) is 149.53 million tonnes.