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.