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India GDP News: India loses 5-7% of GDP due to corrosion: International Zinc Association

India loses 5-7% of GDP due to corrosion: International Zinc Association

India loses around 5-7 per cent of its Gross Domestic Product (GDP) every year due to corrosion, International Zinc Association (IZA) said on Wednesday. The association also stressed upon the need for immediate and appropriate measures by authorities to control further damage. Speaking during a webinar on emerging, sustainable construction technologies like Continuous Galvanized Rebar (CGR), IZA Director (India) Rahul Sharma said, India loses as much as 5-7 per cent of its Gross Domestic Product (GDP) every year on the account of corrosion. These are staggering figures that require immediate and appropriate measures by authorities to control further damage. Continuous Galvanized Rebars are value-added rebars for higher life and low maintenance of infrastructure to provide significant cost savings compared to other corrosion resistant rebar systems.

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