India to be second largest producer of crude steel by 2015

As per the Government, India is expected to become the 2^nd largest producer of crude steel in the world by 2015
Steel Industry in India:

• Contributes over 2% to the GDP.
• Production has escalated from 66 million tonne per annum in 2008-09 to 89 million tonne per annum in 2011-12
• Per capita steel consumption has increased from 38 Kg in 2005-06 to 55 Kg in 2010-11

Month: Current Affairs - May, 2012