SAIL set to leverage domestic growth potential, banks on new product mix

The state-owned company is also making continuous product development efforts along with intensive R&D efforts

SAIL chairman P K Singh has said world economic recovery is on track and a pickup in global growth presents a healthy sign for industrial and manufacturing activities across the globe.

"India is projected to become the world's fifth largest economy in 2017, surpassing the United Kingdom (UK) and France, and the world's third-largest economy by 2023, surpassing Japan and Germany. India's GDP is projected to rise from $2.2 trillion in 2016 to $3.6 trillion by 2020. This augurs well for businesses that are focused on domestic growth in the future," Singh said. He added that such kind of growth will