American Journal of Business and Society
Articles Information
American Journal of Business and Society, Vol.3, No.1, Mar. 2018, Pub. Date: Aug. 31, 2018
Indian Paint Industry: An Empirical Study to Bring Forward the Bright and Tight Side of the Industry
Pages: 11-16 Views: 463 Downloads: 413
Authors
[01] Abhay Tiwari, Department of Mechanical Engineering, Punjab Technical University, Punjab, India.
[02] Saurabh Chhabra, Department of Business Management, Institute of Management and Technology, Ghaziabad, India.
Abstract
Indian paint industry has witnessed a paradigm shift in the preferences and requirement of the customers – A shift from using traditional whitewash to superior quality paints such as enamel and emulsions. The paint industry in the country is the 7th largest in the world and is valued at USD 6 Bn (4 million metric tonnes by volume) for 2016-17. CIBC estimate that the industry would continue to exhibit a double-digit growth of 12%-13% over next 4-5 years.
Keywords
Mn (Million), CAGR (Compound Annual Growth Rate), GST (Gross Service Tax), FY (Financial Year), YOY (Year on Year)
References
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