India is a major producer and consumer of natural rubber. It is the 4th largest producer and 3rd largest consumer globally. The rubber industry is an important part of the Indian economy, employing over 465,000 people. Natural rubber consumption in India is dominated by the automotive industry, particularly tires and tubes. The Rubber Board was established in 1954 to promote the development of the rubber industry through research, education, and other initiatives. India's natural rubber exports have grown significantly in recent years and it is projected to become the world's third largest producer.