India’s turning point?
The July-September 2017 quarter saw the Indian cement market fare mildly better when compared with the general malaise of the past year. Has a turning point been reached? Meanwhile, government initiatives such as the Goods Sales Tax (GST) and a partial ban on petcoke use as well as sand mining are expected to keep the industry on its toes.
Can India’s cement industry look forward to a better panorama?
Despite one of the best monsoons in recent years hitting India from June to September, domestic cement production contracted only marginally in the July-September (2QFY17-18) period. While prices remained flat, compared with the previous three quarters that faced the brunt of demonetisation, the 2QFY17-18 saw a relative improvement in the domestic cement market.
