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Corrosion Protection Could Lift India's GDP by Up to 1.5%
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A Nomura report estimates that India loses ₹14 lakh crore, or 4.3% of GDP, every year to corrosion-induced damage. The report suggests that better corrosion protection could lift India's GDP by up to 1.5%.
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Corrosion Protection Could Lift India's GDP by Up to 1.5%
A Nomura report estimates that India loses ₹14 lakh crore, or 4.3% of GDP, every year to corrosion-induced damage. The report suggests that better corrosion protection could lift India's GDP by up to 1.5%. The biggest impact is on the power generation and transmission sector, followed by telecommunications, automotive, and industrial assets. The report estimates that the power generation and transmission sector loses ₹3.4 lakh crore annually to corrosion.
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