The SBI Research Report, Ecowrap, has revised downwards the GDP growth rate of India for FY22 to 8.8 percent. Earlier this was estimated at 9.3 percent.
India is the second-largest steel-producing nation, as it manufactured 100.3 MT steel in 2020 and China produced 1 064.7 MT of steel in the same year. China recorded a 3 per cent decline to 1 032.8 MT in 2021.
EXAMIANS