New Delhi, July 3 -- NITI Aayog on Thursday released its report "Chemical Industry: Powering India's Participation in Global Value Chains". The report offers an extensive analysis of India's chemical sector, highlighting both opportunities and challenges, and outlining a pathway for positioning India as a key player in global chemical markets.

The global chemical industry is undergoing a major transformation, driven by shifting supply chains, demand for specialty and green chemicals, and heightened focus on innovation and sustainability.

India's chemical sector, while significant in size and GDP contribution, remains fragmented and constrained by infrastructure gaps, regulatory inefficiencies, and low R&D intensity.

India's 3.5 per cen...