The chemical industry is the backbone of the Indian economy and contributes 7% to its GDP. The demand for efficient chemical supply in India has skyrocketed in recent times due to the increasing demand for processed food, personal and home care solutions and the growing portable energy requirement. As a result, Indian speciality chemical companies are expanding their capacities to cater to the rising demand which has given rise to some of the best chemical stocks in India in recent years.
Government policies such as production-linked incentive (PLI) schemes are also being introduced to promote the domestic manufacturing of agrochemicals. Under the Union Budget 2021-22, the government allocated ₹233.14 crores ...
The chemical industry is the backbone of the Indian economy and contributes 7% to its GDP. The demand for efficient chemical supply in India has skyrocketed in recent times due to the increasing demand for processed food, personal and home care solutions and the growing portable energy requirement. As a result, Indian speciality chemical companies are expanding their capacities to cater to the rising demand which has given rise to some of the best chemical stocks in India in recent years.
Government policies such as production-linked incentive (PLI) schemes are also being introduced to promote the domestic manufacturing of agrochemicals. Under the Union Budget 2021-22, the government allocated ₹233.14 crores for the department of chemicals and petrochemicals. India also holds a very strong position in the exports and imports of chemicals in the global economy. Some of the top chemical stocks in India’s history have been seen in recent years and this number is sure to grow in the near future.
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