You Do Need power plug adapter while traveling from India to Panama.

Here is Why You Need An Adapter

The outlet and plug type used in Panama are A and B and in India are C, D and M. This is how they look like.

India

In India, outlets of type C, D and M are in use.

Type C

Type D

Type M

Panama

In Panama, outlets of type A and B are in use.

Type A

Type B