06.06.2014 - India may spark next commodity supercycle: HSBC
India's new government may be the catalyst for the next global commodity supercycle, according to HSBC. Narendra Modi's landslide presidential election victory gave his nationalist Bharatiya Janata Party a strong mandate for reform, especially within India's poor infrastructure sector - a key source of hard commodities demand. India is already a large commodities producer but HSBC argues that if Modi increases infrastructure investment, demand for commodities such as steel and energy will outpace domestic supply, boosting global prices...............................................Full Article: Source
Print