analyse the role of chemical industries in indian economy?
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i) Chemical industry contributes to 3% of GDP and is the third largest in Asia.
(ii) It includes large and small scale units in both organic and inorganic sector.
(iii) Chemicals are used by most of the industries viz. fertiliser industries, petrochemical industries, synthetic fibre industries etc. at one stage or the other.
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.
(ii) It includes large and small scale units in both organic and inorganic sector.
(iii) Chemicals are used by most of the industries viz. fertiliser industries, petrochemical industries, synthetic fibre industries etc. at one stage or the other.
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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Answer:
The chemical industry in India is fast growing and diversifying. It contributes approximately 3 percent of GDP.
It is the third largest in Asia.
It occupies the twelfth place in the world.
It comprises both large and small scale manufacturing units.
Rapid growth has been recorded in both organic and inorganic sectors.
In organic chemicals include sulphuric acid, nitric acid, alkalies soda and caustic soda.
These industries are widely spread over the country.
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