India: According to J P Morgan, Indian cement demand is likely to remain sluggish until the end of the 2015 financial year as government spending remains weak. However demand should pick up from the 2016 financial year onwards. "We would wait for clarity on the recently completed Ministry of Highways' tender for cement procurement, as roads can be a big driver and it has relatively fewer issues," said J P Morgan.
Indian cement demand unlikely to improve in the 2015 financial year
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