28-July-2026
Economy News
 
Better corrosion protection could lift India's GDP by up to 1.5%, report says
27-Jul-2026

India loses an estimated Rs 14 lakh crore, or 4.3% of GDP, every year to corrosion-induced damage as bridges, highways, railways, ports, power infrastructure, buildings and industrial assets deteriorate prematurely, according to a Nomura report. The report, shared exclusively with ET, estimates the biggest impact is on the power generation and transmission sector, followed by telecommunications, automotive, infrastructure and railways.

News Source:- https://economictimes.indiatimes.com/industry/energy/power/better-corrosion-protection-could-lift-indias-gdp-by-up-to-1-5-report-says/articleshow/132646379.cms