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“The home alloy assemblage faces challenges related to planetary terms disparity and earthy worldly security,” the Economic Survey said connected Thursday (January 29, 2026).
Union Finance Minister Nirmala Sitharaman presented the Economic Survey 2025-26 successful the Lok Sabha connected Thursday (January 29, 2026).
Economic Survey 2025-26 revises India’s imaginable maturation complaint to 6.8-7.2% scope | LIVE
“The alloy assemblage serves arsenic the backbone of industrialisation and infrastructure, securing India’s presumption arsenic the world's second-largest crude alloy producer,” the authorities papers said.
“The assemblage has undergone a large translation successful the past 5 years, mostly driven by beardown home request from the operation and manufacturing sectors,” it said.
"However, the assemblage faces challenges related to planetary terms disparity and earthy worldly security. India was besides a nett importer of alloy during FY26 (April–October), chiefly owed to debased planetary prices, which resulted successful little margins connected exports and cheaper imports," the Survey stated. While India is mostly self-sufficient successful robust ore, the manufacture faces captious dependence connected imported coking coal.
To mitigate planetary proviso risks, the Ministry of Coal launched Mission Coking Coal successful 2022 to importantly heighten home earthy coking ember accumulation to 140 MT by 2030. A Production-Linked Incentive (PLI) Scheme for Specialty Steel with an outlay of ₹6,322 crore was besides introduced successful 2021 to prolong the sector's maturation and foster self-reliance. As of October 2025, cumulative concern nether the PLI strategy reached ₹23,022 crore, with accumulation of 2.34 cardinal tonnes (MT) of specialty steel.
In the 2025-26 fiscal year, crude alloy accumulation grew by 11.7%, finished alloy accumulation expanding by 10.8%, and depletion rising by 7.8% during April-October 2025-26, compared to the corresponding play past year.
