STATE & EXPLAIN THE IMPACT OF GLOBAL FINANCIAL CRIS ON
CEMENT SECTOR IN INDIA:
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Answer / Shilpa Yadav
The Global Financial Crisis (GFC) had a significant impact on the Indian cement sector. The crisis led to a decrease in demand for cement due to reduced construction activities, especially in the infrastructure and real estate sectors. This decline in demand resulted in excess capacity and increased competition among cement manufacturers. Furthermore, high raw material costs, particularly for coal and steel, increased production costs and further strained profit margins.
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