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08 Jul
12:09

India demand to reach 221-275mt by FY34: Deloitte

Indian steel demand is estimated to rise by 5-7.3% over the next ten years on a compound annual growth rate (CAGR) basis, according to Deloitte’s latest report. Demand is forecasted to reach 221-275 million tonnes by the fiscal year ending March 2034 (FY34), Kallanish notes. The rise is mainly attributable to government spending on various infrastructure-related projects, including the development of 11 industrial corridors under the PM Gatishakti National M…
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