India’s GDP is set to grow at a robust 7% CAGR in FY25, fueled by the government’s vision of becoming a $5 trillion economy. Anchoring this ambition is a massive INR 111 trillion infrastructure pipeline, driving unprecedented demand for metals, especially steel. This growth trajectory is expected to continue, propelling steel production from 152 million tonnes (mnt) in FY25 to 210 mnt by FY30.

As India’s infrastructure and industrial landscape expand, steel remains the backbone of the nation’s progress, reflecting its rising industrial and economic momentum. With accelerating domestic demand and infrastructure development, India’s steel industry is poised for remarkable growth in the years ahead. 

This rise in production reflects the country’s growing industrial and economic momentum, driven by both domestic demand and its expanding infrastructure needs. With steel playing a critical role in supporting the nation’s development, India’s steel industry is poised for significant expansion in the coming years as the infrastructure and construction sectors remain the largest consumers of steel, accounting for 61% of the demand, followed by general engineering (11%) and automotive (10%).