In the year 2018, the world crude steel production reached 1808 million tons which is 7% more than that in 2017. The finished steel production accounts for 1712 million tons in 2018 from 1587 million tons in 2017. Details as given below;
China is the world's largest crude steel producer in 2018, followed by India, Japan, and the US. The following figure depicts the total market share in Crude and finished steel as per the research report.
India is the second-largest steel Read more [...]
The budget 2015 has shown a lot of promise in terms of increased emphasis on manufacturing and skills development. Prime Minister Narendra Modi’s Make in India (MII) program is the driving factor behind such announcements in this year’s budget.
From the previous years’ records, Manufacturing declined from 18% to 17% of the GDP while manufacturing exports have remained stagnant at about 10% of the GDP. Given thefact that manufacturing has not accounted for a significant portion of the GDP Read more [...]
One of the most visible signs of a strong economy is a stable currency. Indian Rupee has been stable for most of the 2000s which gave an impression that all is well with the fast growing economy. However, it has depreciated significantly against the US Dollar in 2011. Very few financial experts have predicted this kind of a downfall for the Indian Rupee. It has lost more than 20% of its value in 2011. Rupee is trading close to Rs 54 to a US Dollar now. Indian Rupee is now one of the worst performing Read more [...]