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8% growth for Indian paint industry in 2015-17, data revealed at 53rd Annual General Meeting of Indian Paint Association

8% growth for Indian paint industry in 2015-17, data revealed at 53rd Annual General Meeting of Indian Paint Association

Sep 07, 2016, at 03:39 am

Kolkata, Sept 6 (IBNS): During 2015-16, the overall production of paints in India was estimated to be 4.25 Million MT, registering a 5 per cent growth over the previous year. In value terms, the paint industry grew by approx. 8 per cent to Rs. 43,500 crores of which the decorative paints share was 74 per cent and the balance being industrial.