News > India’s steel sector to outpace China with stronger demand growth: Moody’s

India’s steel sector to outpace China with stronger demand growth: Moody’s

India's steel demand is projected to grow between 5-7% over the next 12-18 months, driven by faster economic and population growth, increased industrialisation and urbanisation, and supportive government policies, according to a report by Moody’s Ratings. "India's real GDP is estimated to grow 6.6% in the fiscal year ending March 2025 and 6.2% in the following fiscal year, compared to China's 4% growth for 2024 and 2025," the report stated.