Today, we stand on the threshold of a momentous era. India, the world’s fastest-growing major economy, is set to be a global powerhouse, and steel has been and will be the very backbone of this progress. Prime Minister Narendra Modi unveiled the road map for Viksit Bharat, envisioning India as a developed nation by 2047.
With a focus on accelerating manufacturing and infrastructure growth, the next five years will be pivotal for the steel industry, driving India’s ascent towards a $5-trillion economy and beyond. This 100% recyclable material is increasingly becoming a key lever of manufacturing and infrastructure development, innovation, and technological advancements.
With an output multiplier effect of nearly 1.4x on the gross domestic product (GDP) and an employment multiplier factor of 6.8x, steel contributes 2% to the country’s GDP and employs over 600,000 people directly and 2 million people indirectly.
Historically, nations that embraced steel-intensive growth, such as Japan, South Korea, China, and Singapore, recorded faster industrialisation. India— the second-largest steel producer in the world—is now treading a similar path.
FROM SELF-RELIANT TO GLOBAL SUPPLIERS
The push of infrastructure and manufacturing sectors is critical for Atmanirbharta. From the foundations of our homes to the soaring skylines, marvellous and resilient infrastructure to cutting-edge technology, steel is the bedrock of modern development. The share of building and infrastructure construction alone in overall steel consumption is about 65%.
هذه القصة مأخوذة من طبعة February 18, 2024 من Business Today India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة February 18, 2024 من Business Today India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
"Moving to cloud helped us grow❞
What was the problem you were grappling with?
She's Got Time
MORE WOMEN ARE BECOMING WATCH CONNOISSEURS, SEEKING OUT BOTH JEWELLED AND TECHNICAL WATCHES FOR THEIR STYLE AND CRAFTSMANSHIP
RISING STAR
PARUL GULATI IS a name that's been steadily gaining prominence in the Indian entertainment industry after she appeared on season 2 of Shark Tank in 2023. She has become a multifaceted personality who effortlessly transitions between acting and entrepreneurship.
Building on a Legacy
WHEN ZAHABIYA KHORAKIWALA stepped into her role as Managing Director of Wockhardt Hospitals over a decade ago, she confronted formidable challenges that have since turned into achievements.
LEADER IN INNOVATION
AS FEDEX'S PRESIDENT (Middle East, Indian subcontinent and Africa), Kami Viswanathan has a lot on her plate.
WAITING IN THE WINGS
Here are those who missed out as they have not yet completed a year in office; they'll be strong contenders in 2025
A DECENT PROPOSAL
IN TODAY'S WORLD OF TRYING TO CREATE AN EQUITABLE SPACE, BOTH MEN AND WOMEN CONTRIBUTE TO THEIR HOUSEHOLDS. WOMEN ARE ENCOURAGED TO HAVE THEIR OWN SAVINGS POOL AND INVESTMENT ROUTINE. GIVEN THIS, HOW SHOULD FUTURE BRIDES APPROACH FINANCIAL PLANNING?
Women and the STEM Bias
EMPOWERING WOMEN IN STEM WILL NOT ONLY BENEFIT INDIVIDUALS, BUT ALSO STRENGTHEN THE ENTIRE INDUSTRY, DRIVING INNOVATION AND PROGRESS.
ROCKET WOMEN
WOMEN IN INDIA ARE NOT ONLY VENTURING INTO SPACE BUT ARE ALSO STARTING TO SPEARHEAD THE COUNTRY'S EFFORTS IN THE GLOBAL SPACE RACE.
ONE STEP FORWARD
THE NUMBER OF WOMEN INDEPENDENT DIRECTORS IS GROWING STEADILY, BUT IT'S A LONG WAY FROM GENDER PARITY. MUCH MORE NEEDS TO BE DONE TO BREAK THE GLASS CEILING IN BOARDROOMS.
