Petrochemical Industry Profits: Towards India’s $5 Trillion Economic Growth
Petrochemicals industry is the backbone of agriculture, infrastructure, manufacturing, and services. With India’s progress towards becoming a $5 trillion economy by 2024-25, the importance of the industry is believed to achieve even more growth.
Our modern society, in its day-to-day life, basically runs on plastics, a fastest-growing group of bulk petrochemicals materials. As per a survey, by 2022, India has ranked as sixth largest player in the global petrochemical business with a market size of around USD 190 Bn.