The chemical industry is targeting exports of $18 billion by 2020 from $12 billion in FY17. Photo: BloombergMumbai: The chemicals industry is expected more than double and touch $300 billion by 2025 from $147 billion now, according to Chemexcil. “The chemical sector is expected to double to $300 billion by 2025, clocking an annual growth rate of 15-20%. The industry is also targeting chemical exports of $18 billion by 2020 from $12 billion in FY17. The domestic chemical industry is the third largest in Asia and seventh in the world.

Source: Mint February 25, 2018 11:37 UTC