Analyse the role of chemical industry to indian economy
Answers
the given below points enumerate the contribution of chemical industries to Indian economy :
(i)chemical industries contribute 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. fertilizer industries, petrochemical industries, synthetic fiber industries etc. at one stage or the other
the dependency on chemical industries in term to contribute to GDP, establishing large scales and small units in both organic or inorganic sector and use of chemicals by other industries make it a fast growing and diversifying industry.
as India is one of the largest populated countries in the world . its role is to maintain people health and amenities . As we know more than 163 million people in India have no access to water and food . this makes a greatest challenge for the country to solve. At the same time there are many people who's health are affected daily. At the same time more than 2 million kids born everyday and millions of people dieing everyday . for this especially for medicines the country has the largest chemical industry.