Corrosion impacts 4.2% of GDP: FICCI Study
The corrosion of metals is impacting 4.2% of India's GDP, a study by trade body FICCI and corrosion control body NACE International has revealed. "The extent of the problem indeed is serious and will require urgent appropriate measures," FICCI added. Corrosion refers to the conversion of a refined metal into a stable form like oxide, hydroxide or sulphide.