The moderation will be because of slower spending growth of core infrastructure ministries such as railways, road, rural and urban development, power, renewable energy and civil aviation.
The growth can moderate from 15.1 per cent (FY24 Revised Estimates (RE) vs FY23 Actuals) to 8.4 per cent (FY25 Budget Estimates vs FY24 RE).
Despite this, growth is still projected to exceed decadal averages and will continue to be aided by demand from infrastructure and construction segments.
Steel MSMEs in India mainly manufacture longsteel products such as reinforcing bars and wire rods using induction-based furnaces from raw material such as steel scrap and sponge iron, or by re-rolling billets.
Denne historien er fra August 23, 2024-utgaven av Business Standard.
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Denne historien er fra August 23, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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