It accounts for about 1.6% of the world's production of paper. The industry provides employment to more than 0.12 million people directly and 0.34 million people indirectly. The consumption of paper in India has been growing by around 6% annually for the past five years. Industrial Paper forms the bulk, accounting to around 60% of the total consumption.
Paper consumption in India is poised for a big leap forward in accordance with the economic growth and is estimated to touch 13.95 million tons by 2015-16. It is estimated that there would be an increase in demand of 1 million tons.
As per industry estimates, paper production grew at a CAGR of 8.4% while paper consumption grew at a CAGR of 9% in 2012-13.