Question

What is the contribution of iron and steel industry in the development of the country?​

Answer 1

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As the world's 3rd largest producer of steel, India has humongous scope for developing its mining reserves for iron ore. Indian Steel sector's contribution to the overall Gross Domestic Product (GDP) of the country is above 2% during 2018. The total exposure of steel industry is about Rs. 3.13 lakh crore rupees.

Answer 2

As the world's 3rd largest producer of steel, India has humongous scope for developing its mining reserves for iron ore. Indian Steel sector's contribution to the overall Gross Domestic Product (GDP) of the country is above 2% during 2018. The total exposure of steel industry is about Rs. 3.13 lakh crore rupees.

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