Budgetary catalysts to aid demand; ACC to grow at slower pace The recent Union budget reiterated the government's focus on infrastructure growth. Compared to the current annual spend rate of | 7-8 trillion per annum towards infra, the government has laid out an ambitious plan of annual spends of | 20 trillion. Additionally, under the PMAY scheme, the government plans to construct 1.95 crore houses in the rural areas and ~81 lakh in urban areas. This would further boost cement demand. However, this could be impaired by the slowdown seen in various sectors. Though the...