Indian Copper market is gaining pace amidst global recession
BUSINESS ECONOMICS|December 01 - 31, 2022
In contrast to the global economy, India is picking up the pace in recent times.
Pritha Misra
Indian Copper market is gaining pace amidst global recession

India’s economy, income, and consumption are all expanding, making it one of the world’s copper markets with the fastest growth rates in 2022. Despite the global recession, the Indian copper market has left behind that of China. India’s economy is booming across all industries, from manufacturing to infrastructure and real estate, thanks to increased demand following the Covid-19 outbreak, rising incomes, and several government programmes that have stimulated spending. According to the data provided by World Bureau of Metal Statistics, India’s consumption of refined copper increased by 45% from 2021 to 435,466 tonnes between January and August of this year, exceeding worldwide growth of 4% and China’s growth of 5% during the same time. It is believed by most of the big copper maker industries that demand for copper has returned to pre-Covid levels.

هذه القصة مأخوذة من طبعة December 01 - 31, 2022 من BUSINESS ECONOMICS.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 01 - 31, 2022 من BUSINESS ECONOMICS.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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