As China's property crisis deepens, experts see a silver lining for India

The crisis that started with the collapse of real estate giant Evergrande has become worse for China, with several property giants now showing signs of potential loan defaults

China's property crisis threatens global trade but may prove to be a blessing in disguise for India, especially steel producers, experts believe. The crisis that started with the collapse of real estate giant Evergrande has become worse for China, with several property giants showing signs of potential loan defaults.

"This could be a silver lining for India's steel industry," Arun Malhotra, founding partner & portfolio manager at CapGrow Capital advisors, said. China is the world's largest steel producer and accounts for 57 per cent of the total steel production. According to Malhotra, around 30 per cent of steel mills