New Delhi, May 26 -- The Indian cement sector is likely to witness a strong growth trajectory, boosted by robust economic factors, substantial infrastructure development and favourable demand-supply dynamics, a recent report by PhillipCapital indicated.
According to the report, the country's cement sector, the world's second-largest, is set for an "impulsive up-move," because of strong infrastructure and housing demand, favourable government policies, and industry consolidation.
IMF and RBI data suggest India's GDP to grow at a pace of 6-7 per cent annually, fuelled by rising demand for cement as it plays a critical role in construction and infrastructure.
Various government projects such as Smart Cities Mission, Bharatmala Pariyojana,...
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