India, now the world's most populous country with approximately 1.4 billion people, recorded an impressive economic growth rate of 8.2% last year. The OECD projects that the growth rate will remain steady at around 7% in 2024.

Standard & Poor's forecasts that by 2028, India's economy will surpass Japan and Germany, making it the third-largest globally.

This rapid economic expansion is fueled by increasing demands in the manufacturing and infrastructure sectors, leading to a significant rise in steel consumption.

As India continues to develop, its position in the global steel market is set to strengthen, highlighting the country's vital role in shaping future industrial trends.