With GDP growth of 5% in fiscal year 2012-2013 and India's urban population set to double from 290 million in 2001 to 590 million by 2030, opportunities in the construction sector can be imagined. The development of the construction sector will inevitably lead to the growth of cement demand, and India's cement demand will have a huge room for growth.
As the world's second largest cement market, India's cement demand has been rising at an annual growth rate of about 8%, and now it has reached about 253 million tons. It is not difficult to see that India's cement market has a huge space for development.