Question
Download Solution PDFThe total Indian steel production 109.3 million tons in 2018 has gone up in 2019 to a record of
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFKey Points
- 111.2 million tons is the record steel production in India for the year 2019.
- The total Indian steel production was 109.3 million tons in 2018.
- This indicates an increase in steel production by 1.9 million tons from 2018 to 2019.
- The growth in steel production reflects the overall growth and development in the industrial sector of India.
Additional Information
- India is one of the largest producers of steel in the world, contributing significantly to the global steel industry.
- The steel sector is a major contributor to the Indian economy, providing employment and supporting infrastructure development.
- Advancements in technology and increased investments have played a crucial role in boosting steel production in the country.
- The government of India has been implementing various policies to support and enhance the growth of the steel industry.
- India's steel production capacity is expected to further increase in the coming years, driven by domestic demand and export opportunities.
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