The Revival of Mining Activity & Growth in the Mining Sector

According to the quick estimates of the Index of Industrial Production (IIP) for July 2017, released by the Central Statistics Office (CSO) this September, the mining sector in India has registered a reassuring growth of 4.8 % compared to July 2016. Looking at the trends over the last few years, we can see that mining activity has experienced a revival over the last three years and the trends have been encouraging. From -0.18 % growth in financial year 2013-14 over the previous year, the sector has grown to 5.3% in 2016-17. The mining sector has a 14.37 weight in the IIP and plays an important role in the overall economy.