| India's base metals industry is expected to grow by 8-10 per cent annually over the next three years on the back of increased demand from the power, construction and automotive sectors, rating agency Moody's said on Tuesday. "We expect India's consumption of base metals to increase by 8-10 per cent annually over the next three years, driven primarily by demand from three sectors, power, construction and automotive," Moody's vice president-senior credit officer Alan Greene said here.
"Our projections reflect domestic GDP growth - forecast at 7.5 per cent in fiscal year 2016 and 7.6 per cent in fiscal 2017 - and the government's efforts to boost infrastructure spending," he added...............................................Full Article: Source
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