India's cement industry is projected to grow between 6-7% in FY27, following an estimated 6.5-7.5% growth in FY26, according to ICRA. This growth is attributed to sustained demand from housing and infrastructure projects, bolstered by government spending and GST reforms. The industry is expected to add significant capacity, with utilization rates remaining stable around 70-71%. While northern and central regions anticipate higher utilization, the southern region may see moderate levels due to existing capacity.