Correct option is D
Correct Answer: (D) 7%
Explanation:
- In FY24, India recorded a 7% increase in cement production, largely due to the government’s strong infrastructure push.
- Large-scale infrastructure initiatives such as PM Gati Shakti, Smart Cities Mission, housing schemes, and increased capital expenditure created significant demand in the cement and construction sectors.
Information Booster:
- Cement is a key input in construction of roads, bridges, housing, industrial corridors, and urban infrastructure.
- India is the second-largest producer of cement in the world after China.
- The government's emphasis on 'Make in India', urbanisation, and rural connectivity further fuels cement demand.
- The increase reflects broader growth in sectors like real estate, highways, and logistics infrastructure under public-private partnerships.