The materials sector in India is a key constituent of the country's construction industry. It is a category of stocks for companies involved in the discovery, development, and processing of raw materials. The sector includes companies engaged in mining and metal refining, chemical products, and forestry products. Not only does the sector employ a large number of people, but also contributes significantly to the nation's economy. It accounts for 8% of India's GDP and is valued at approximately $126 billion. Industry reports forecast building materials to record a CAGR of 15.7% y-o-y to reach $738.5 billion by 2022.