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Indian cement industry growth expected to slow in FY24-25

15 October 2024, Published under Cement News

India's cement industry is projected to experience a slower growth rate of 7-8 per cent this fiscal year, reaching 475Mt, according to a Crisil report. This marks a slowdown from the double-digit growth recorded in the last two financial years. The first half of FY24-25 saw modest growth of just three per cent, attributed to a prolonged heatwave and labour shortages due to general elections. However, the second half is expected to see improved performance, driven by a revival in rural hou...