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India’s steel demand is expected to witness double-digit growth in the second half of FY25, driven by government reforms and rising infrastructure development, according to Jindal Steel & Power Chairman Naveen Jindal. He noted that the implementation of GST 2.0 will provide significant relief to steelmakers, particularly the secondary steel sector, by simplifying compliance and improving liquidity.
The new GST regime aims to bring greater transparency and efficiency in taxation, enabling steel producers to operate more smoothly and reduce costs. Jindal emphasized that these reforms, coupled with robust demand from housing, manufacturing, and infrastructure projects, will create strong momentum for the industry in the coming months.
Industry experts believe India’s steel sector is well-positioned to remain the fastest-growing market globally. With policy support and rising domestic consumption, the sector is expected to achieve sustainable growth while enhancing competitiveness in international markets.
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