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Indian agrochemical sector growth expected to rise to 7-9% next fiscal year, up from 5-6%.
The agrochemical sector in India is expected to grow by 7-9% in the next fiscal year, up from 5-6% in the current year, driven by stable domestic demand and recovering exports.
Despite this improvement, growth remains below pre-pandemic levels of 15-16%.
Operating margins are forecast to rise to about 12-13%, and companies are advised to manage working capital and limit spending to maintain healthy balance sheets.
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Se espera que el crecimiento del sector agroquímico de la India aumente del 5 al 6 % al 7-9% el próximo año fiscal.