Is that picture wood? It looks like a floor tile that is stacked on top of it
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I don't expect a lot of people here know their Indian woods... Pallets are always made from locally available wood species. So it will be very difficult for us to make a guess on the species.
Just do a bend test. Maybe not as sophisticated as Tim Baker prescribes, but any sort of bend test will tell you a lot about the quality of the wood. Much more than some wild guesses here on Prim.Archer.