India: UltraTech Cement has projected that India’s cement demand will surpass 640Mt by the 2030 financial year, driven by a compound annual growth rate (CAGR) of 7-8% between the 2024 and 2030 financial years.
According to industry research and estimates, cement demand for the financial year ending 31 March 2024 stood at 424Mt. The growth is expected to be supported by rising infrastructure development and construction activity across the country.
