Cement Update

Cement demand may grow 1.2x of GDP growth rate

March 2019
UltraTech Cement is reportedly expecting the average cement demand to grow 1.2 times of the GDP growth rate in  India over the long-term. As reported, the industry growth will mainly be driven by government-led spending on big infrastructure projects and low cost housing, besides uptick in rural housing. Notably, India is the world’s second largest producer of cement with an installed capacity of 472 mtpa.