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Explain any three characteristics of the chemical industry of India

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The characteristics of chemical industries of India are as follows:

  • Chemical industries in India are fast growing and diversifying.
  • It contributes 3% of GDP approximately.
  • It is 3rd largest in Asia and occupies the 12th place in the world in the terms of size.
  • It contains both large scale and small scale manufacturing units.
  • There has been a rapid growth in the manufacture of organic and inorganic chemicals.
  • Inorganic chemical industry is more widespread while organic chemical industry is located near oil refineries or petro-chemical plants.

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