Mining Boom: India Set to Cross US$60 Billion in Exports

India’s metals and mining sector is experiencing unprecedented momentum, with exports projected to exceed US$60 billion in FY2025-26. This marks a significant milestone for the industry, reflecting strong global demand and domestic policy support. The government’s focus on critical minerals, infrastructure development, and production-linked incentives has catalyzed investment and output growth.

Key Highlights

• Export Milestone: First time India’s mining exports are expected to cross US$60 billion.
• Growth Drivers: Strong demand for iron ore, coal, aluminium, and critical minerals.
• Policy Support: Incentives under Make in India and PLI schemes boosting competitiveness.
• Infrastructure Push: Rising steel demand from roads, railways, and airports fueling mining output.
• Global Context: Commodity price volatility remains a challenge, but India’s diversified resource base offers resilience.

This milestone reflects India’s emergence as a global mining powerhouse, with exports contributing significantly to economic growth and energy transition goals.

Sources: EY India (Union Budget 2025-26 Mining & Metals Sector), LinkedIn (India’s Metals & Mining Sector FY2025-26 Analysis), IBEF (Indian Metals and Mining Industry Analysis)