Goa, Feb. 20 -- India's agrochemical industry is witnessing a surge in demand from Europe, driven by a shifting regulatory landscape that increasingly favors Indian exports, according to a recent report by Nuvama.

The report highlights that Europe's competitive advantage in the chemical sector is gradually diminishing, opening opportunities for India to strengthen its foothold in key segments. Alongside agrochemicals, India's small-molecule pharmaceutical research industry is also expanding, benefiting from evolving market dynamics.

With European chemical manufacturing becoming less competitive, many multinational companies are relocating production to India, leveraging lower costs and government incentives. A key driver of this shift i...