Indian steel consumption to grow 10% in FY'24

Construction, infra get a pre-poll boost, to spearhead consumption. PLI schemes to help capital goods, consumer durables. Automotive to ride EV sector growth.

Morning Brief: Interestingly, India's GDP growth in financial year 2021-22 (FY'22) spurted by 9.10% and by 7.20% in FY'23. FY'24 expects the pace to slow down slightly to 6.70%. This can be attributed to the fact that the general elections are poised to be held in 2024. Generally, governments get