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India Will See A Commodity Upcycle Even If Growth Is Below Trend, Says JPMorgan
Imports of coal, liquefied natural gas, oil, steel and aluminium will rise in the next 10 years: JPMorgan
05 Nov 2020, 11:29 AM IST
India’s metals and energy companies will gain and import of key commodities will surge as the local capacity won’t be enough to meet demand even if economic growth is below trend, according to JPMorgan.Weak demand, weak global prices and judicial intervention has resulted in weak earnings and stretched balance sheets, Pinakin Parekh, analyst at the research firm, wrote in an October report. That has left very little appetite for reso...
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