Panel Perspectives: India | 35


INDIA INVESTMENT FOCUS


Indian panels market to be major investment focus in years to come, reports WBPI contributor Eugene Gerden


T


he Indian wood-based panels sector is steadily growing thanks to rapidly


developing local economics and a stable demand for quality panels from local customers. As the Chinese post-pandemic growth has significantly slow down and amid the economic isolation of Russia, India in recent months has become one of the world’s fastest growing emerging economies. According to official data of the Indian


Ministry of Economy, in the last quarter the country’s GDP grew by more than 7%, which contributed to the growth of the majority of industrial sectors of the country and primarily construction sector (+7%).


www.wbpionline.com | August/September 2023 | WBPI


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