Domestic steel sector to outpace real GDP growth, boosted by urbanisation and capex: Anand Rathi report

New Delhi [India], September 20 (ANI): The domestic steel sector growth will outpace the country's real GDP growth in the coming years, says a report by Anand Rathi. The growth in domestic steel will be driven by rapid urbanisation and an increase in public-private capital expenditure (capex). The sector is expected to grow at a compounded annual growth rate (CAGR) of 8-10 per cent from the financial year (FY) 2024 to FY3