Production: Mining: Total for India
PRMITO01INQ661S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
112.76
Year-over-Year Change
9.76%
Date Range
4/1/1994 - 10/1/2018
Summary
The 'Production: Mining: Total for India' trend measures the total output of the mining industry in India. This data is critical for understanding India's economic growth and assessing the country's natural resource utilization.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This metric tracks the overall production volume of the mining sector in India, including extraction of minerals, coal, oil, and natural gas. It serves as an important indicator of India's industrial activity and resource-based economic development.
Methodology
The data is collected by the Indian government's Ministry of Statistics and Programme Implementation through surveys of mining operations.
Historical Context
Policymakers and analysts use this trend to evaluate India's industrial policies, energy security, and broader macroeconomic conditions.
Key Facts
- India is one of the world's largest producers of minerals and ores.
- Mining accounts for over 2% of India's GDP.
- The mining sector employs over 1 million workers in India.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of mining production in India, including extraction of minerals, coal, oil, and natural gas.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of India's industrial activity, resource utilization, and broader economic development.
Q: How is this data collected or calculated?
A: The data is collected by India's government statistical agency through surveys of mining operations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate India's industrial policies, energy security, and macroeconomic conditions.
Q: Are there update delays or limitations?
A: The data may have a short publication delay and may not capture all informal or small-scale mining activity.
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Citation
U.S. Federal Reserve, Production: Mining: Total for India (PRMITO01INQ661S), retrieved from FRED.