Indian petrochemical industry, one of the fastest growing sectors: Study
The Dollar Business Bureau Growing at a Compounded Annual Growth Rate (CAGR) of about 14%, the Indian petro-chemical industry will likely grow into a US$ 100 billion industry by 2020 from the current US$ 40 billion level. This was stated by the Associated Chamber of Commerce & Industry (ASSOCHAM) in its study report titled- ‘Indian Petrochemical Industry: An overview’. The contribution of Petrochemicals to the Indian Chemical industry currently stands at 30%, the report said, adding the US$ 120 billion worth Indian chemical industry will also grow at a CAGR of 11% over the next few years and is likely to reach US$ 250 billion mark by 2020. The study prepared by the Energy Division of ASSOCHAM further stated that ...
