According to the Australian study, while India’s development is likely to be less resources-intense than China’s, there’s still significant scope for increases in commodities consumption. India’s urban population may swell from about 439 million in 2016 to 642 million by 2035, or by 10 million people a year, it said. According to the Australian study, while India’s development is likely to be less resources-intense than China’s, there’s still significant scope for increases in commodities consumption. “As a highly populous and rapidly developing middle-income country, India’s consumption of metals is likely to increase considerably,” the department said. Still, its relatively low investment in manufacturing and construction compared with China is likely to see it’s path lie between the lower-intensity seen in Latin America and the high-intensity path of the mainland, it said.

Source: Mint October 05, 2017 14:48 UTC