The Rs 40,600-crore Indian paint industry is likely to see a 20 per cent compounded annual growth rate until 2016. This is due to increasing demand from retail consumers, on rapid urbanisation, and development of rural markets. The industry will reach the level of Rs 62,000 crore in the next 2 years. A rise in disposable income of the average middle class coupled with increasing investment on education, urbanisation, development of the rural market and various launches of many innovative products will be major drivers.

(Business Standard)