Microsoft PowerPoint - Asia Mining Congress - Tom Albanese [Read-Only]



India, is it the next China ?

Tom Albanese

CEO - Vedanta Resources PLC Asia Mining Congress, 27th May 2015

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Asia Mining Congress - May 2015 1

India: A Snapshot


Building growth momentum

• Pick up in investments and lower oil prices

India: Fastest Growing Major Economy in 20151

• Continuing reforms: Insurance, Coal and MMDR bills passed

• Lower inflation providing headroom for interest rate cuts

Government priorities and targets

• Make in India: Import substitution and employment generation

• Housing for all by 2022: 60 million houses in urban and rural areas

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