Chemical Sector to reach USD 300 billion by 2025

Chemical sector in India is expected to double to $300 billion by 2025, registering an annual growth rate of 15-20 per cent. The industry is targeting chemical exports of $18 billion by 2020 from $12 billion in FY17. In the first half of this fiscal, exports rose almost 27 per cent to $7.19 billion. The domestic chemical industry is the third largest in Asia and seventh in the world. The impact of measures initiated by government will be visible from the current financial onwards.

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