Indian steel giant Tata Steel forecasted that India's steel demand would rise by 7%in fiscal year 2013/14.It's predicted that India's steel demand would be at around 75 million tons in the current fiscal year 2012/13,rising by 5.6%from a year ago.In fact,India's steel demand is sluggish recently due to inflation and financial deficit.However,it's expected that the country's steel demand would rebound,driven by the government's economic reform.Meanwhile,Tata Steel's crude steel production was at around 28 million tons in the fiscal year 2012/13.Besides,the company's sales revenues totaled US$26.13 billion in the given period of time.