Impact Of Forest Based Industries on Indian Economy

Ramanand Mishra; Dr.Basanti Mathew Merline

doi:10.36948/ijfmr.2023.v05i05.7023

Impact Of Forest Based Industries on Indian Economy

Author(s)	Ramanand Mishra, Dr.Basanti Mathew Merline
Country	India
Abstract	Abstract Forest products are a significant part of regional, national, and local economies. Understanding their economic importance is therefore essential. By using the IMPLAN model, Ram Prasad Dahal determined the value of forest products as a sector of the economy in 13 southern states, individually and regionally. For three primary forest products industries (wood furniture, paper products, and wood and wood products), the direct impacts of the three sectors are estimated along with their associated multipliers. Impacts direct to the economy are illustrated by the direct impacts, while multipliers represent the indirect effects. As a source of employment and income, the forest products industry performed well in 2009. There are new wood-based products being developed with great potential and attractive markets, such as textiles, liquid biofuels, platform chemicals, plastics, and packaging. There is a discussion of the extent to which these emerging wood-based products could compensate for anticipated declines in the graphic paper market in four major forest industry countries: the United States, Canada, Sweden, and Finland. In the four countries selected, a 1–2% percent market share would lead to an increase in revenues of 18–75 billion euros per year. As a result, 10-43% of forest industries' production value was lost in 2016. By 2030, the graphic paper industry is expected to lose 5.5 billion euros in revenue. As many of the products utilize byproducts as feedstock, the respective impacts on wood usage are numerous. This increase in primary wood use, which is largely due to the construction and to a lesser extent the textile markets, would amount to as much as 15–133 million m3, or 2–21% of the current structural roundwood supply in the countries selected.
Field	Mathematics > Economy / Commerce
Published In	Volume 5, Issue 5, September-October 2023
Published On	2023-10-02
Cite This	Impact Of Forest Based Industries on Indian Economy - Ramanand Mishra, Dr.Basanti Mathew Merline - IJFMR Volume 5, Issue 5, September-October 2023. DOI 10.36948/ijfmr.2023.v05i05.7023
DOI	https://doi.org/10.36948/ijfmr.2023.v05i05.7023
Short DOI	https://doi.org/gstc8h

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Impact Of Forest Based Industries on Indian Economy

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