ANZ: India’s commodities demand to surge, could cover over half of China demand shortfall | Forexlive

A note from ANZ on India’s demand for commodities:

• “India’s demand for commodities is slated to grow rapidly, supported by favorable demographics, urbanization, the expansion of manufacturing and exports and the build-up of infrastructure”
• ANZ point to India’s rate of urbanisation growing, fuelling demand for industrial metals, energy
• ANZ estimate demand growth for major commodities such as oil, coal, gas, copper, is to rise, vs. slowing rate of demand growth in China
• ANZ caution that for aluminium and steel the rise in demand will not be as noticeable compared to that from China