Given the global macroeconomic outlook, the packaging industry can be cautiously optimistic about a rebound. We see 8-10 percent growth in India in the intermediate term. India's growth rebound will follow global trajectories. However, local factors like the offline to online shift will have a profound impact on the economic rebound and thus on the growth in the packaging industry. E-Commerce enablement in India is now higher than ever before. It will have a spill over effect on growth in the packaging industry.
Ramanan Ramakrishnan
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