Australian coal exporter looks to India

by Dave

Since India’s economic growth is driven mostly by domestic demand, and its infrastructure spending is pegged between $350 and $500 billion in the next five years, any global economic slowdown will not put a significant dent in the purchase of commodities critical to infrastructure build-out. Latin American exporters, take note.
Coal exporter looks to India

“We are more certain of the demand emanating from India. India’s rapid urbanisation is driving steel consumption, yet India has insufficient metallurgical coal to meet its own requirements and therefore imports most of its needs.”