New Delhi, July 7 -- India's chemicals industry is set for significant growth, and to support this, the policy think-tank of the government of India 'NITI Aayog' suggests seven key policy interventions to increase country's share in the global chemicals value chain.

NITI Aayog report 'Powering India's participation in Global Value Chains' of July 2025, noted that, as of 2023, India accounts for about 3 to 3.5 per cent of the global chemicals consumption. The vision is to raise this share to 5-6 per cent by 2030 and further to 10-12 per cent by 2040.

The report of NITI Aayog stated "A thorough evaluation was conducted to determine the necessary policy support that can enable these prioritized chemicals to facilitate the growth of India's...