Industry estimated to post 11% CAGR over 2017-2022, spurred by government programmes such as Make in India, dedicated to boosting the country’s manufacturing activities
Chinese production of chemicals declines due to stiffened environmental regulations, opening opportunities for Indian manufacturers; however, overall export outlook is anticipated to remain subdued thanks to increasingly stringent trade policies
Industry grew by 8% in 2017, thanks to strong domestic demand growth from construction, plastics and agricultural sectors
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