Industry Analysis Vittarth

Steel Industry

#Industry_Analysis

Steel has contributed immensely towards India’s economic growth. Today, the steel industry contributes 2% to the GDP of the country. India surpassed Japan to become the world’s second largest steel producer. The National steel policy,2017 aspired to achieve 300 MT of steel making capacity by 2030-31. With Robust demand, competitive advantage, Policy support and increasing investment the Indian steel sector is expected to grow at a CAGR of 7% over the next ten years.

Read the analysis to know more about the growth opportunities, the government initiatives and the impact of COVID on this industry.

Credits : Yashvi Gupta , Pravara Kharait

#vittarth #nibm #india #steel #industry #covid #growthdrivers

0 comments on “Steel Industry

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: