ISAS Working Papers

One of the characteristics of growth in emerging economies is the sharp growth in steel consumption resulting from public investment outlays in infrastructure, coupled with outlays in construction as the economy expands. The last decade's healthy growth of the Indian economy has led to steep rises in the consumption of steel. This paper is an attempt to econometrically analyse the growth in market demand for steel in India using aggregate sectoral demand patterns. It seeks to project demand-supply gaps up to 2014 - 2015. The results would be of interest to academics and for business.