India’s Cement industry set to grow 400% by 2047
India’s cement industry is on track for unprecedented growth, with projections indicating that cement production and demand could rise by nearly 400% by 2047, driven by the nation’s ambitious infrastructure, housing, and urban development plans under the Viksit Bharat 2047 vision. Industry experts believe the sector will play a pivotal role in supporting India's journey toward becoming a developed economy.
According to industry estimates and government-backed roadmaps, India’s cement production is expected to grow from around 430 million tonnes annually today to nearly 1.75 billion tonnes by 2047. The expansion will be fueled by large-scale investments in highways, smart cities, railways, industrial corridors, affordable housing projects, and commercial real estate developments across the country.
The sector is already witnessing strong momentum. India remains the world's second-largest cement producer, with demand supported by rapid urbanization and increasing public infrastructure expenditure. Industry bodies estimate cement production could reach around 490 million tonnes in FY26, while capacity expansion plans by major manufacturers are accelerating to meet future demand.
Experts highlight that infrastructure's share in cement consumption is steadily increasing, with major government initiatives such as road networks, logistics corridors, ports, metro rail systems, and housing schemes expected to generate sustained demand over the next two decades. Residential construction will continue to remain the largest consumer segment, supported by growing urban populations and rising housing requirements.
However, alongside growth, sustainability is emerging as a key challenge. The cement industry is intensifying efforts to reduce carbon emissions through renewable energy adoption, blended cement production, waste heat recovery systems, and carbon capture technologies. Industry stakeholders are targeting significant reductions in carbon intensity as India pursues its long-term net-zero commitments.