Offshore drilling rig in Scotland. (Photographer: Jason Alden/Bloomberg)
India’s metals and energy companies will gain and import of key commodities will surge as the local capacity won’t be enough to meet demand even if economic growth is below trend, according to JPMorgan.Weak demand, weak global prices and judicial intervention has resulted in weak earnings and stretched balance sheets, Pinakin Parekh, analyst at the research firm, wrote in an October report. That has left very little appetite for reso...