Impact of Global Recession on the Indian Cement Industry (With Special Reference to ACC Limited)
AbstractCement Industry in India is on a roll at the moment. Driven by a booming real estate sector, global demand and increased activity in infrastructure development such as state and national highways, the cement industry has witnessed tremendous growth. The realty sector boomed but could not sustain for long and it collapsed because of the loan defaults. This situation spread like wild fire and put the Indian economy in danger like the US economy. The US financial crises have affected many countries of the world and India is not an exception to it. Because of these financial crises, Indian economy has lost more than 2% of GDP growth. Almost all sectors of the Indian economy have been affected by this crisis. In this paper, an attempt has been made to find out the impacts of global financial crisis on the Indian Cement Industry particularly the ACC limited.
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Bibliographic InfoArticle provided by IUP Publications in its journal The IUP Journal of Managerial Economics.
Volume (Year): IX (2011)
Issue (Month): 1 (February)
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