India's chemicals market set to reach $29.7bn by 2024, $383bn by 2030 at 8.1% CAGR.

India's chemicals market is set to reach $29.7 billion by 2024 with a CAGR of 3.26%, and is expected to soar to $383 billion by 2030 at an 8.1% CAGR from 2021 to 2030. The sector contributes 12% to India's total exports and attracts significant FDI, with 100% FDI under the automatic route. The chemicals market is also anticipated to see growth in enterprise and employment numbers, with 15,730 enterprises projected for 2024 and 1 million jobs by 2024.

May 25, 2024
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