Stung by the indifference of the Indian consumer, India Inc has drastically scaled down its projections of the domestic market.
The cuts in the projection for 2005 range from 14.72 per cent in the case of refrigerators to 51.35 per cent in the case of colour televisions (CTVs).
A working group report on iron and steel in 1996 had projected the demand for finished steel to be around 48.8 million tonne by 2006-07. However, Arvind Pande, chairman, Steel Authority of India Ltd (SAIL) said:
