The 29th Indian Paint Conference was organized in Agra from 11th to 13th January 2019. Speaking on the occasion, Abhijit Roy, President - IPA said, "The Indian Paint Industry currently valued at around Rs. 50,000 crore is poised to grow at a healthy rate and is expected to reach around Rs.70,000 crore by 2021-22. There is a strong co-relation between the Indian Paint Industry and the GDP growth of the country. It has historically surpassed India's GDP growth by 1.5 to 2 times."
"Although the implementation of GST regime came in as a challenge initially; the reduction of GST rates from 28% to 18% has come in as a breather for the paint industry," he further added.
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