Production value of earthmoving and mining machinery India FY 2016-2021
The production value of earthmoving and mining machinery across India was approximately 290 billion Indian rupees in fiscal year 2021, down from around 310 billion rupees in fiscal year 2020. The machine tool and heavy engineering sector forms a part of the capital goods segment. The industry provided approximately 1.4 million direct and seven million indirect employment opportunities. By 2022, the Indian electrical equipment industry was targeted to reach a market size of 100 billion U.S. dollars.
