Analyse the role of chemical industry on Indian economy
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It contributes approximately 3% of the GDP.
ii. It is the 3rd largest in Asia and occupies the 12th place in the world.
iii. It compromises both large and small scale manufacturing units.
iv. Rapid growth has been recorded in both inorganic and organic sector.
v. Organic chemicals include petrochemicals which are used for manufacturing of synthetic fibers, rubber, plastics, and dye stuffs.
vi. Inorganic chemicals include sulphuric acid, fertilizers, synthetic fibers, plastics, adhesives, paints, etc.
vii. The chemical industry is its own largest consumer.
ii. It is the 3rd largest in Asia and occupies the 12th place in the world.
iii. It compromises both large and small scale manufacturing units.
iv. Rapid growth has been recorded in both inorganic and organic sector.
v. Organic chemicals include petrochemicals which are used for manufacturing of synthetic fibers, rubber, plastics, and dye stuffs.
vi. Inorganic chemicals include sulphuric acid, fertilizers, synthetic fibers, plastics, adhesives, paints, etc.
vii. The chemical industry is its own largest consumer.
Answered by
46
The chemical industry in India is fast growing and diversifying.
In India chemical industry is one of the fastest growing industries under the Indian economy.
The chemical industries in India continued to contribute to the economic growth of Indian economy.
At present the chemical industry accounts for 13 percent of Indian GDP.
In India chemical industry is one of the fastest growing industries under the Indian economy.
The chemical industries in India continued to contribute to the economic growth of Indian economy.
At present the chemical industry accounts for 13 percent of Indian GDP.
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