October 6, 2017

A Commodity Superpower Asks What If India Is the Next China?

India has the potential to boost consumption of everything from copper to iron ore as its economy expands over the next two decades and more people flock to its cities, according to projections from the Australian government that try to fathom whether the country will emulate China.

“Like China since the start of this century, India is in the midst of a huge wave of urbanization, the scale of which has few parallels in history,” the Department of Industry, Innovation and Science said in a quarterly report on Friday. 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.

Read more at https://www.bloomberg.com/news/articles/2017-10-05/a-commodity-superpower-asks-what-if-india-turns-out-like-china

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