India has some of the best ingredients for the development of the paint and coatings industry. With 66 percent of its population under the age of 35, India is home to the largest population of young people in the world - 825 million. The median age of the country is just 27 years, much below 37 in the U.S. and 46 in Japan. India's demographic profile is changing in a way that is quite favorable to the growth of the paint and coatings industry. Though, currently the per capita consumption is very low, rising urbanization, disposable income and nuclear families are expected to propel a very healthy growth for the paint industry for a number of years to come. Coatings World presents an overview of Indian paint industry in this article.
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