The production of iron ore and limestone in India has increased significantly in the first month of the current fiscal year compared to the corresponding month in 2023. This growth can be attributed to the rising demand for iron ore and limestone in the country’s major sectors, including steel and cement, a PIB press release stated.
According to data from the Bureau of Industrial Development (PIB), the production of iron ore rose from 25 million tonnes (MMT) in April 2023 to 26 MMT in April 2024, which is a growth rate of 4%.
Similarly, the production of limestone increased from 38.5 MMT to 39.3 MMT, with a growth rate of 2.1%. India is the largest aluminium producer in the world. The production of aluminium metal in the first month of the current fiscal year was 3.42 LT, which is higher than 3.39 LT produced during the same month in 2023.
The continued growth in the production of iron ore and limestone in India will support strong economic activity in key sectors such as energy, infrastructure, construction, automotive, and machinery. This growth is expected to continue in the coming months, as the demand for these commodities remains strong.