Dear all
Well this time its something related to economy of cement. Econiomically and hypothetically speaking cement=func(Infra project,bank lendingto cem industries). I don’t have any condensed idea about global , but India is witnessing a concrete downtime . Having the function conceived its throws a light on cement growth is a func of infra project, and bank lending to cement company. Both the factor is making a woes effect and culprit of heavy turmoil in cement . Having the prognosis look where its been envisaged that cement industry will get 241MTPA expansion in 2009, will something depend on our Macro Eco(GDP,INFLATION,UNEMPLOYMENT) more over how bad could it get in further calendar year, nobody have any condensed information. Perhabs our govt is trying to do something in infraproject but that too have its liquidity in basket of project which are under completion stage, but what about the project which has been just fueled-up and been adhered .
I think our monetary forces should be apply towards constructive things thereby to offset the confidence of people which have been terrible hammered. My sense is , unless until bank wont pass the benefit which they are drawing from tax cut(CRR,REPO,SLR) to make some actionable result, nothing will bring any cheer and I don’t know the cyclicdowntime which otherwise going to create a inimical and anguished condition.
If anybody agree or disagree with the sense that I probed , kindly give therir comments
Rahul Chaubey