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India's cement demand forecast to rise 6.5-7.5% due to increased spending and favorable weather.
Credit rating agency Crisil Intelligence forecasts a 6.5-7.5% increase in India's cement demand this fiscal year, fueled by a 10% rise in budgetary spending on infrastructure and an above-normal monsoon boosting rural housing.
Urban housing is also expected to improve due to lower interest rates and better project execution.
The industrial and commercial sectors will see steady growth, and cement prices may rise by 2-4%.
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Se pronostica que la demanda de cemento de la India aumentará un 6,5-7,5% debido al aumento del gasto y al clima favorable.