Chemical Industry of India: Emerging issues and concerns from (2000-2021)

Abstract

The Indian chemical industry is one of the oldest industries in India and has made immense
contribution to the industrial and agricultural development of India. Chemicals are one of the most
widely used input materials in the world finding applications in almost all manufacturing sectors.
With the increase in industrial activity, the demand for chemicals also increased, which resulted in
higher international trade. The chemical industry in India is a key constituent of Indian economy,
accounting for about 2.11 per cent of the GDP. Bulk chemicals account for 39 per cent of the Indian
chemical industry, followed by Agro-chemicals 20.3 per cent and specialty chemicals 19.5 per cent.
India's growing per capita consumption and demand for agriculture related chemicals offers huge
scope of growth for the sector in the future.

Keywords :- Chemical, Industry, Raw materials, Indian economy, Demand, Growth, Sector.