New research reveals that the advantages of living in cities for the healthy growth and development of young people are shrinking globally
Prime Minister Narendra Modi along with his Japanese counterpart Shinzo Abe, who was on a two-day visit to India, laid the foundation stone for country's first bullet train project between Ahmedabad and Mumbai.
"Coal will remain the dominant fuel choice for India's power sector, given the vast domestic feedstock available to power generators," BMI Research said in the report.
According to the report, bauxite production is projected to be at 26.1 MT this year, about 18 per cent higher than 2016.
According to a report by BMI Research, India's growth is expected to pick up following the negative ramifications from the demonetisation drive in November 2016, but weak public banks will likely cap the recovery.
India is ranked 16th on the global power risk and reward index, but the overall score is dampened by the country's weak risk profile, Fitch Group's BMI Research said today.
India's power sector will continue to be dominated by coal over the coming decade despite significant growth in cleaner fuels or renewables, says BMI Research.
Bullish on India, it said the trend represents an average annual growth of 6.9 percent during 2017-2021.
Beer sales in India are expected to see an annual growth of 7.5 percent over the next five years despite regulatory hurdles, as rising disposable incomes in the hands of middle class will lead to higher spending, says a report.
"With the landlocked nation struggling to rebuild following the devastating earthquake and aftershocks in 2015, the disruption in funds from India is likely to weigh on ongoing reconstruction efforts," the report by BMI Research said.
The growth will be driven by state-run giant SAIL and Tata Steel, the firm part of the Fitch Group said.
It expects prices for the metal to trade in the range of USD 450-520 per tonne during the second half of 2016 with the average price for the entire year coming to USD 480 a tonne.
Unless Prime Minister Narendra Modi's administration forms a consensus between diverse regional parties, land acquisition and hiring and firing processes for potential manufacturers are likely to remain complex and time-consuming, it said.
Globally, the research firm said the iron ore market will stay in surplus over its forecast period to 2020. Expanding output in Brazil and Australia and lower steel demand in China will remain the drivers of global oversupply.
Indian economy continues to face multiple challenges, and this is being reflected in high frequency data such as industrial production and trade, it added.
Banks continue to be plagued by bad debt and asset quality is unlikely to improve considerably anytime soon, it said. This has resulted in weak credit growth to the commercial sector, BMI Research said.
US benchmark West Texas Intermediate for September delivery was down seven cents to USD 41.80 in late-morning trade.