In this episode of the State of the Economy Podcast, BusinessSline’s Subramani RA Mangombu speaks with Mayur Karmarkar, director of the International Copper Association, about the future of copper in India’s economy.
Although the copper prices worldwide experience a Bearish phase, India’s domestic demand is on an upward route, driven by construction, infrastructure and industrial growth. Karmarkar explains that India saw more than 1.8 million tonnes of copper use in the last tax year – an increase of 8% – and expects a similar trend this year. The driving force? Rising capital formation in both private and public sectors, growing electricity needs and more source -intensive buildings.
The conversation also investigates Sunrise sectors that accelerate the demand for copper. Electric mobility, especially in EV battery and motor production, creates new investment roads. India has already announced 118 GWH to the production capacity of the battery and products such as EV -Folies gains grip.
Karmarkar calls long -term concerns about the security of copper offer, especially given the dominant position of China in the processing and refined copper production.
(Host: Subramani Ra Mangombu, producer: Amitha Rajkumar)
About the State of the Economy Podcast
The Indian economy is praised as a bright spot in the midst of the general gloom that the rest of the world seems to have dressed. But different sectors continue to stutter, even if others seem to shoot all cylinders.
Published on July 1, 2025
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