analyse the role of chemical industries in Indian economy
Answers
It contributes approximately 3% of the GDP.
It is the 3rd largest in Asia and occupies the 12th place in the world.
It compromises both large and small scale manufacturing units.
Rapid growth has been recorded in both inorganic and organic sector.
Organic chemicals include petrochemicals which are used for manufacturing of synthetic fibers, rubber, plastics, and dye stuffs.
Inorganic chemicals include sulphuric acid, fertilizers, synthetic fibers, plastics, adhesives, paints, etc.
The chemical industry is its own largest consumer.
There are different types of chemicals like organic and inorganic.
Organic includes petrochemical, plastic, synthetic rubber, dye stuffs etc..
Inorganic includes alkalizes, soda ash, sulphuric acid etc..
This industry contributes 3percent of GDP.