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After a lackluster performance in 2020 (according to expectations), India’s economy was poised to reclaim a high growth rate in 2020 and retain its mantle as the fastest growing major economy in the world. But all those hopes came to a jarring halt even before the first quarter of the year was in the books.
India’s cement consumption in CW’s Global Volume Forecast Report October 2020 update is forecasted to decline by 20% to approximately 266 million t before rebounding to growth in the next fiscal year on the back of strong and sustained demand from the agricultural sector and the slower recovery of the service and industrial sectors of the Indian economy. ....

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