Cement industry to be favourably impacted: Sumit Banerjee

"We look forward with optimism to a budget that seeks to revert to 9% GDP growth and then cross the double digit barrier, while retaining a focus on inclusive development. Cement industry is quite likely to be favourably impacted by the provisions to continue the thrust on infrastructure development and roads which account for more than 46% of the total plan allocation. Another a positive sign is the allocation for rural development. However the increase in excise duty on cement as well as on petrol and diesel will have some inflationary impact."