Indian economy looking good because of focus on infrastructure, says Tata Steel MD Narendran
The Indian economy is looking good despite global headwinds because of the focus on infrastructure, Tata Steel managing director TV Narendran has said.
“Globally there is some concern because of the fragility of some of the economies but I think the Indian economy is looking good because of the focus on infrastructure," Narendran told CNBC TV-18 on the sidelines of the Indian All India Management Association Awards.
Narendran also sort to draw a link between steel consumption and gross domestic product (GDP) growth. "Steel consumption in my view should reflect the GDP growth rate, so if the GDP is going to grow at six-and-a-half -seven percent, I expect steel consumption to grow at least that rate," the Tata Steel MD said.