The Indian paint industry is projecting higher sales growth ranging between 10% and 15% in fiscal 2018-2019, compared with about 9% growth in the previous financial year. This follows the lowering of the Goods and Services Tax (GST) rates by 10 percentage points. The industry has raised prices twice already in 2018, mainly on account of the rise in raw material costs which were linked to crude oil.

(The Hindu)