In FY16, India had 1,878 operative mines – excluding mining areas for minor minerals, crude petroleum, natural gas and atomic minerals.
Much of the growth in the industry’s value can be attributed to higher prices given that production volume growth was relatively lower at 3.2 per cent .
The total production stood at 716.3 million metric tonnes for the last five years, value of ore and mineral imports into India witnessed growth at a CAGR of 4.6 per cent.
In FY16, India’s iron ore imports declined by 60 per cent with the considerate improvement in the domestic production market.