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News Indian cement demand to rise to 440Mt in 2024 financial year

Indian cement demand to rise to 440Mt in 2024 financial year

Written by Global Cement staff 22 September 2023
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India: Ratings agency Crisil has forecast all-Indian cement consumption growth of 11% year-on-year to 440Mt during the current financial year, which ends on 31 March 2024. Crisil attributed this to a 51% year-on-year rise in infrastructure spending, to US$6.75bn throughout the year. Press Trust of India News has reported that infrastructure projects currently account for 30% of all cement consumption.

Last modified on 27 September 2023
Published in Global Cement News
Tagged under
  • India
  • Crisil
  • Consumption
  • demand
  • Forecast
  • market
  • Government
  • Infrastructure
  • GCW627
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