Get latest articles and stories on Business at LatestLY. India s demand for stainless steel, which was four million tonne in 2022, is projected to log a healthy compound annual growth rate (CAGR) of 9 per cent in the three fiscals through 2025, according to a CRISIL Ratings report. Business News | Stainless Steel Demand in India Seen Surging Through 2025: CRISIL Report.