The Indian cement industry plays a crucial role in the nation's economy, significantly contributing to the construction and real estate sectors while also being closely linked with various other industries. India is the world's second-largest cement producer, following China, which leads by a substantial margin. According to the National Bureau of Statistics of China, China produced a total of 2.02 billion tonnes of cement in 2023. In comparison, India produced 418.34 million tonnes (0.42 billion tonnes) of cement during 2023-24. The cement industry contributes approximately 11 per cent of the input cost to the construction sector in India.

India’s cement sector plays a vital role in its economic growth and provides direct employment to more than one million people and many more indirect jobs across the country. It employs about 20,000 people downstream for every million tonnes of cement produced.This market is poised for significant growth due to several key factors. Rapid urbanization in India has led to increased demand for housing and commercial spaces, necessitating a substantial supply of cement.

As more people migrate to urban areas, the need for residential complexes, office buildings, and retail spaces surges, driving cement consumption. The Indian government has launched ambitious infrastructure projects, such as the development of smart cities, highways, and rural roads under schemes like Bharatmala and Pradhan Mantri Gram Sadak Yojana, which heavily rely on cement.