Exports of Indian chemicals register growth of 106% in 2021-22 over 2013-14

Tags: National Economy/Finance

The export of Indian chemicals has registered a growth of 106 percent in 2021-22 as compared to the year 2013-14.

• India's chemical exports for 2021-22 set a record at US$ 29296 million, while India's chemical exports stood at US$ 14210 million in 2013-14.

• The growth in exports of chemicals has been driven by a jump in shipments of organic, inorganic chemicals, agrochemicals, dyes and dye intermediates, specialty chemicals.

• Today the Indian chemical industry has become a global player and earns foreign exchange for the country with the "Make in India" approach.

• India’s position in chemical production

• India is the sixth largest producer of chemicals in the world and the third largest in Asia.

• India ranks 14th position in export of chemicals.

• Today India is a leader in the production of dyes and contributes 16%-18% of the world's dyestuff exports.

• Indian dye is exported to more than 90 countries. India is the fourth largest producer of agrochemicals in the world and manufactures more than 50% of technical grade pesticides.

• About 50% of the agrochemicals in the world are exported from India.

• India is the largest producer and exporter of castor oil in the world and is responsible for almost 85-90 % of total global exports in this segment.