India's cement industry expected to reach 5.09 billion tonnes by 2028, fueled by infrastructure projects.

India's cement industry is forecast to grow to 5.09 billion tonnes by 2028-29, a 4.9% CAGR, driven by government spending on infrastructure and housing schemes like Pradhan Mantri Awas Yojana. Despite facing challenges such as regional demand disparities and high GST rates, the sector is poised to benefit from increased capital expenditure. The industry plays a vital role in employment, providing jobs to over one million people and contributing significantly to India's economic growth.

November 25, 2024
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