Synopsis of Steel Industry in India

Topic:  STUDY OF THE PRODUCTION CONSUMPTION AND GROWTH OF THE brace INDUSTRY   WHY THE INDUSTRY? The reason for focusing on this perseverance is that, Steel industry has become a major product and aspiration market, with tremendous potential for growth after the step- atomic pile of the export tariffs from 15% to 5%. There has been a concordant rise in the prices and the demand expectations are growing promptly for the coming years due to planned enthronisation in infrastructure ontogeny, increased urbanization and growth in pick out nerve sectors i.e. automobile, construction and crownwork goods. As per Investment flush of India more than 30 billion USD are in the occupation for investment over the next five years. The level of per capita consumption of steel is treated as one of the important indicators of socio-economic development and living standard of the people in any country. OBJECTIVES OF THE RESEARCH * To beat the study of the steel industry and its production, consumption and growth, focusing on the post globalisation. * To study and examine the export potential of the steel industry * To discuss the total investment in the steel and its drug user industries.

FACTORS RESPONSIBLE The factors responsible for driving the Steel industry are approachability of raw materials, price of the labour, interest rates as it is a capital intensive industry, foreign direct investment, electricity consumed, scientific advancement, export import tariffs, etc. HOW THE RESEARCH WILL BENEFIT THE INDUSTRY The explore will help benefit the industry by * Cutting down the various costs * Improving the quality of the products * Increasing the total capital utilization of the industry * Understanding the forces of demand and supply in the industry. * augment in labour productivity * Growth of the foreign direct investment in the sector. BIBLIOGRAPHY http://business.mapsofindia.com/india-industry/steel.html... If you want to get a beneficial essay, order it on our website: Orderessay

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