India narrowing gap with world leader China on steel sector jobs: Study

At 30% of global steel industry jobs, India is only six percentage points behind China's 36%, but it is behind in terms of the sector's contribution to GDP

India ranks next only to China to profit from jobs supported or facilitated by the steel industry. A report published by Oxford Economics for World Steel Association (WSA) shows India, with 30 per cent of global jobs in steel industry, is steadily closing in on the gap with China which tops the rankings, with a 36 per cent share.

The findings are based on the study for 2017 when the steel industry engendered 96 million jobs.

“Our 'narrow' approach assumes that the share of work facilitated by steel equates to the share of steel in each customer’s total purchases of external inputs.