Economy & Market
Year 2017 to witness y-o-y decline in cement production
For the first time in 15 years, the cement industry is going to see a drop in volume of production, according to CLSA. The communication states that production has declined by 13.3 per cent. Demonetisation has exerted stress on the housing and commercial sectors. January 2017 has seen the sharpest fall in the seven-month time frame.