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Demonetisation heavily impacts cement industry
01 Feb 2017
1 Min Read
CW Staff
The cement industry has been severely impacted by the recent demonetisation. Its growth in the current financial year is likely to plummet to 4 per cent as against the earlier projection of 4-6 per cent. And, this may impact the debt level of small and medium firms. The cash recall is also expected to impact real estate, which has strong linkages with sectors such as cement that will turn credit negative in the short run.
The cement industry has been severely impacted by the recent demonetisation. Its growth in the current financial year is likely to plummet to 4 per cent as against the earlier projection of 4-6 per cent. And, this may impact the debt level of small and medium firms. The cash recall is also expected to impact real estate, which has strong linkages with sectors such as cement that will turn credit negative in the short run.
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