India Mining Sector Report 2024-2025

Since FY2022, the mining and quarrying sector exhibited a rising gross value added (GVA) to the overall GVA. In FY2023, the sector's GVA stood at 1.84%, signifying an enhanced significance attributed to the implementation of government-led reforms and the utilization of advanced technology in exploration processes, which in turn encourage private sector engagement and diminish reliance on imports.The Ministry of Mines (MOM) estimated that the mineral sector, excluding fuel and atomic minerals, had a total value of INR 1.20tn in fiscal year 2023. Principal minerals are classified as metallic (89.8%) or non-metallic (10.2%) within the sector. The responsibility of enacting legislation about minor minerals is entrusted to state governments, while the federal government administers legislation concerning significant minerals. The production value of metallic minerals experienced a y/y decline of 9.1% in FY2023, whereas non-metallic minerals witnessed a growth of 16.0%.The mineral sector exhibits a significant import bias in India's trade balance. Excluding atomic fuel minerals, imports of ores and minerals increased by 54.8% y/y to INR 4.72tn in FY2023. India exhibits mineral deficiencies in rock phosphate, magnesite, and copper concentrate, among others. Notwithstanding the nation's ample reserves, minerals such as coal and iron ore are imported due to concerns regarding their availability and the absence of precise resource classifications.In 2022, India ranked second in global coal consumption with 12.4%, trailing only China. Despite possessing substantial reserves, India imported 241.3mn tonnes of coal, coke, and briquettes in FY2023. The government has implemented strategies to stimulate private sector engagement, foster competition within the coal industry, and challenge the monopoly of state-owned enterprise Coal India to augment coal production.Inadequate investment, aging oil fields, and technical issues have all contributed to a decline in India's crude oil and natural gas production. This has increased reliance on imports and exacerbated the demand-supply imbalance. To further stimulate investment, the government is augmenting contractual conditions for both domestic and international corporations. Moreover, reforms to the marketing of natural gas, including electronic auctioning, were executed in 2020.

This report provides a complete and detailed analysis of the "Metals mining" sector for India. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Metals mining" sector in India
• Crystallise the forces both driving and restraining this sector in India
• Ascertain India’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in India.
• Build a clear picture of trends, output and consumption for specific sub-sectors