Analyes the role of chemical industries in India economy
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Chemical Industries play very important role, not only in the Indian Economy but also in World Economy.
The India Chemical Industries cobtribute about 3% of the GDP. The growth rate of Chemical Industries is high. Since Independence, the Chemical Industries are playing significant role in growth of the country. The contribution and change in these industries has been due to modernization and the constant efforts of the government.
Chemical Industries include the production of products like fertilizers, pesticides, toiletries, cleaning agents, pharmaceuticals, perfumes, etc.
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Chemical industry contributes to 3% of GDP and is the third largest in Asia. ... The dependency on chemical industries in terms of contribution to GDP, establishing large scale and small units in both organic and inorganic sector and use of chemicals by other industries make it a fast growing and diversifying industry.
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