Analyse the role of chemical industries in the Indian economy

Analyse the role of chemical industries in the Indian economy.

Answer

Role of chemical industries in the Indian Economy:

1. It compromises both large and small scale manufacturing units.
2. Rapid growth has been recorded in both inorganic and organic sector.
3. Organic chemicals include petrochemicals which are used for manufacturing of synthetic fibers, rubber, plastics, and dye stuffs.
4. The chemical industry is its own largest consumer.
5. It contributes approximately 3% of the GDP.
6. It is the 3rd largest in Asia and occupies the 12^th place in the world.
7. Inorganic chemicals include sulphuric acid, fertilizers, synthetic fibers, plastics, adhesives, paints etc.