India’s Chemical Sector
India's Global Standing
- World Exports of Chemicals: India ranks 11th (Excluding pharmaceutical products)
- World Imports of Chemicals: India ranks 6th (Excluding pharmaceutical products)
- Foreign Direct Investment (FDI): Sector: Chemicals (Excluding fertilizers); Amount: $21.71 Bn (Apr 2000 to Sept 2023)
- Market Size in 2023: USD 220 Bn
- Expected Market Size by 2030: USD 383 Bn
- FDI Allowed under Automatic Route: 100%
- Global Chemical Sales: India ranks 6th
- Polymers Consumption: India third largest consumer globally
- Agrochemicals Production: India fourth largest producer worldwide
Export Trends
- Contribution to Total Exports: Year 2021-22: Chemicals and Chemical products (excluding pharmaceutical products and fertilizers) contributed 11.7% to total exports. Year 2022-23: Contribution reduced to ....