The housing shortage, combined with the ongoing conversion of housing stock from kutcha to pucca units, could ultimately boost cement demand long-term. The news, while promising, is tempered with the knowledge that significant obstacles still need to be addressed.
Census data projections for 2011 put India’s population at 377 million. By 2040, that number is expected to hit 700 million. The demographic explosion coupled with continued poverty in the rural areas motivates many to migrate to the cities in hopes of employment.