Indian traders are now buying far fewer quantities of lumber, roundwood and furniture as the country's booming real estate economy is slowing down. According to data from the Indian Ministry of Commerce and Industry, imports for the first quarter of 2024 were down 37% over the same period last year. Whilst more recent data from April and May (considered off-peak for construction) shows that declining imports continue. India is now cutting back on lumber, signaling a potential false dawn for exporters eying the Indian market as a pivot from China. India 's imports of ...
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