Status of Chemical Industry in India: UPSC Daily Important Topic | 5 November 2022
Status of Chemical Industry in India
✓India’s chemical industry is extremely diversified and can be broadly classified into bulk chemicals, specialty chemicals, agrochemicals, petrochemicals, polymers and fertilisers.
✓Globally, India is the fourth-largest producer of agrochemicals after the United States, Japan and China.
✓India is the sixth-largest producer of chemicals in the world.
✓India is the second-largest manufacturer and exporter of dyes and accounts for ~16% of the world’s production.
✓The country’s chemicals industry is de-licensed, except for few hazardous chemicals.
✓India holds a strong position in exports and imports of chemicals at a global level and ranks 14th in exports and 8th in imports at global level.
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