Forest gamble refers to the risky business practices in India\“s timber and forest product industry. In India, local forest products like sandalwood, teak, and medicinal herbs are often subject to illegal harvesting and trading.
Many Indian states have rich forest resources that produce valuable goods. However, the lack of proper regulation leads to environmental damage and economic losses. The term \“forest gamble\“ describes the uncertainty and risk involved in this sector.
Local products such as bamboo crafts, herbal medicines, and timber furniture face challenges in sustainable production. Government initiatives aim to balance economic benefits with conservation efforts, but implementation remains difficult across different regions. |
