As China goes down the gurgler, BHP sells India fantasy

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Maybe sucked in. Maybe just the usual cheerleading of rentier capital.

On her recent visit to Australia, BHP chief commercial officer Vandita Pant gave Chanticleer an insight into the speed with which the miner’s Indian opportunity is growing.

…Official Indian forecasts have production hitting 300 million tonnes by 2030. Even if BHP thinks that might be a touch ambitious – its forecast is for 260 million tonnes – Pant says the growth is clearly dramatic.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.