Economy

State Mining Readiness Index ranks Indian states on mineral reforms

October 18, 2025 2 min read

Why in news?

The Ministry of Mines released the first State Mining Readiness Index (SMRI) on 16 October 2025. The index evaluates how effectively states are implementing reforms for non‑coal minerals. It benchmarks auction performance, timely operationalisation of mines, exploration efforts and sustainable mining practices.

Background

India amended its mining laws in 2015 and again in 2021 to make mineral allocation more transparent and to encourage private investment. Yet progress varies widely across states. To encourage healthy competition and highlight best practices, the government developed the SMRI with input from the Indian School of Mines and industry experts.

Significance

The SMRI aims to enhance transparency and accountability in the mining sector. By naming top performers and laggards, it encourages lagging states to adopt best practices. The index also informs investors about states’ readiness to support mining projects, potentially attracting capital and jobs. In the long run, improved governance in mineral development can boost revenues and reduce illegal mining.

Source: BS

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