Union Minister for Steel Dharmendra Pradhan today said that India's economic growth will be driven by heavy investment in infrastructure, digital economy and job creation in small and medium firms.

Addressing the Chromium-2019 Conference in New Delhi,  Mr Pradhan said that there is a strong positive correlation between steel usage and a nation's economic growth. He said, the government has been making concerted efforts to make India an attractive investment destination for businesses by providing investment-friendly governance.

The Minister added that India is on a steady path to become a five trillion dollar economy, with emphasis on both the ease of doing business as well as on ease of living.

Inviting investors and entrepreneurs to be the partner in India's growth story, Mr Pradhan said, structural reforms in the areas of insolvency and bankruptcy, indirect tax structure and recent major reduction in corporate taxation are aimed to boost investment and growth.

Referring to the use of chromium, the Minister said that about 70 per cent of total chrome produced is used in production of stainless steel. He said, steel consumption in the country is set for a quantum jump.