Mitsubishi eyes India revival as next driver of commodity cycle

Tokyo: According to Mitsubishi Corp., the next revival in prices for commodities could be very well be driven by India’s growing economy and the need for building large scale infrastructure. While so far China has driven the commodity markets, the current slowing growth in China’s GDP will mean revival of commodity prices will be slow and an increase in prices is most likely only in 2017 or 2018. Consequently, if India can deliver on its investment plans then it can surpass other economies as a driver for commodity market growth.  Mitsubishi co-owns the world’s biggest coking coal exporter in Australia.              

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