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

<p>A note from ANZ on India's demand for commodities:</p><ul><li>“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”</li><li>ANZ point to India's rate of urbanisation growing, fuelling demand for industrial metals, energy</li><li>ANZ estimate demand growth for major commodities such as oil, coal, gas, copper, is to rise, vs. slowing rate of demand growth in China</li><li>ANZ caution that for aluminium and steel the rise in demand will not be as noticeable compared to that from China </li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.