Chemicals & Fertilizers - #SectorUpdates
Chemical businesses find India to be a promising location. One of the key factors in the expansion and improvement of any economy is the chemical industry. In fact, a 15% to 20% annual growth rate is predicted for the Indian chemical industry, which is projected to double in size to reach USD 304 billion by 2025. By 2025, the sector is expected to receive investments totaling US$ 107.38 billion. Key chemical production quantities were 909,310 MT for chemicals and 1, 867,351 MT for petrochemicals respectively in July 2021 in India. Exports of organic and inorganic chemicals increased by 38.67% YoY from April 2021 to March 2022 to reach US$24,313.88 million in India.