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Detailed explanation-1: -The Indian chemicals industry stood at US $178 billion in 2019 and is expected to reach US $304 billion by 2025 and demand for chemicals is expected to expand by 9% per annum by 2025 says Union Minister for Chemicals and Fertilisers D.V.

Detailed explanation-2: -The chemical industry of India is a major industry in the Indian economy and as of 2022, contributes 7% of the country’s Gross Domestic Product (GDP). India is the world’s sixth largest producer of chemicals and the third largest in Asia, as of 2022.

Detailed explanation-3: -In 2019, the Indian chemicals industry stood at US$ 178 billion and is anticipated to reach US$ 304 billion by 2025, registering a CAGR of 9.3%. This estimation is predicated on the Indian chemical industry’s ability to consistently create significant impacts on a global scale.

Detailed explanation-4: -Chemicals industry in India is highly diversified, covering more than 80, 000 commercial products. It is broadly classified into Bulk chemicals, Specialty chemicals, Agrochemicals, Petrochemicals, Polymers and Fertilizers.

Detailed explanation-5: -The chemical industry is expected to contribute US$ 300 billion to India’s GDP by 2025. An investment of Rs. 8 lakh crore (US$ 107.38 billion) is estimated in the Indian chemicals and petrochemicals sector by 2025.