Which sector experienced notable growth in mineral production in March 2024?

Solution

Notable growth in non-fuel minerals such as Copper Concentrate, Gold, Manganese Ore, and Limestone was recorded in March 2024. • The index of mineral production for March 2024 was 156.1, marking a 1.2% increase compared to March 2023. • For FY 2023-24, there was a 7.5% increase in the index over the previous fiscal year. • Notable growth in non-fuel minerals such as Copper Concentrate, Gold, Manganese Ore, and Limestone was recorded in March 2024. • Iron ore and limestone production, which constitute about 80% of total MCDR mineral production by value, showed significant increases; iron ore grew by 7.4% to 277 million metric tons and limestone by 10.7% to 450 million metric tons in FY 2023-24. • In the non-ferrous metal sector, primary Aluminium production rose by 2.1%, reaching 41.59 lakh tons in FY 2023-24. • India ranks as the 2nd largest Aluminium producer, 3rd largest lime producer, and 4th largest iron ore producer globally. • The growth in key mineral productions reflects robust demand in steel, cement, and other user industries, indicating strong economic activity in sectors such as energy, infrastructure, and automotive.