India is the world’s second-largest producer of steel, yet its per capita steel consumption is among the lowest in the world. This low consumption of steel is due to a number of factors, including the country’s population size, its economic development, and its infrastructure.
Low Per Capita Steel Consumption in India
India is the world’s second-largest producer of steel, yet its per capita steel consumption is far lower than that of other countries. In 2019, India’s per capita steel consumption stood at around 61 kilograms per person, which is significantly lower than the global average of 208 kilograms per person. This is a major concern for the country, as steel is an essential component of infrastructure and economic development.
Reasons Behind India’s Low Steel Usage
There are a number of reasons why India’s per capita steel consumption is so low. Firstly, the country’s population size is a major factor, as India has one of the largest populations in the world. This means that the total consumption of steel is spread across a large number of people, resulting in a lower per capita steel consumption.
In addition, India’s level of economic development is also a factor. The country is still in the process of developing its infrastructure and industrial sector, which means that its steel consumption is relatively low. Finally, India’s infrastructure is also a factor. The country’s infrastructure is still relatively underdeveloped, which means that there is less demand for steel.
In conclusion, India’s low per capita steel consumption is due to a number of factors, including its population size, economic development, and infrastructure. The country needs to focus on improving its infrastructure and economic development in order to increase its steel consumption and ensure that it can meet the needs of its growing population.