Though short on implementation roadmap, the budget lays out a grand vision for the future, like Rs 100 lakh crore of infrastructure projects in next five years.

In Indian Cement Review, It is customary for us to write about the cover story of the issue, in this editorial page. That is what I have been trying to adhere to month after month.

Though short on implementation roadmap, the budget lays out a grand vision for the future, like Rs 100 lakh crore of infrastructure projects in next five years.

Steep rise in prices over four months' span have tapered off demand. Further price hikes face challenges like delayed monsoon and allegations of cartelisation of cement manufacturers.

Cement production in the country is likely to grow by 5-7 per cent during FY20 (2019-20). Roads, urban infrastructure and commercial real estate are seen as the key demand drivers for cement.

A second term for Narendra Modi-led Government means continuity of policy and opportunity to push tougher reforms, particularly - land and labour

Fluctuations in prices of various fuels and regulatory pressures are making manufacturers to choose machines that can be adapted to various fuels based on cost and other advantages.

Though it was supposed to be an interim budget, it has given a direction for the whole year by announcing different schemes to boost disposable income, which will eventually help revive consumer demand, including for cement.

Indian cement industry, the second largest in the world, has witnessed a revival for demand during FY19. The industry reported a positive growth of 4.8 per cent and 6.5 per cent in FY16 and FY18 respectively and a marginally negative growth in FY16.