India's Mineral Production grows by 8.25 per cent in Oct 09

Mineral production is growing and on the track of growth again. According to a official data, India's mineral production has grown to Rs 8,817 crore in October. The sector has set growth of around 8.25 per cent as comparing to the figures were achieved in the month of September 09. The growth of the mineral sector is phenomenal, it is a sign of recovering from the global slowdown. In 2009, the IIP was seen in negative marks.

During the quarter April-October there is growth in the mineral sector. There is need of development in all the core sectors of Indian economy including mineral sector, which has impressive growth. It is clear that with the best performance of all the sectors, Indian economy can reach the target of double digit GDP rate.