India eyes $1 trillion chemical output by 2040, says NITI

India eyes $1 trillion chemical output by 2040, says NITI

NITI Aayog projects $1 trillion chemical output by 2040 with 12% global value chain share. Key reforms include subsidies, faster clearances, R&D incentives, FTAs, and chemical hubs to reduce import dependence and drive innovation in specialty and green chemicals.

NITI Aayog pushes port revamp, Incentives to boost chemical exports - Cargo Insights

NITI Aayog eyes doubling chemical exports by 2030 through incentives, cluster upgrades, and port reforms. In a major policy push to transform India into a global chemical export powerhouse, NITI Aayog has laid out a detailed roadmap to nearly double the country’s chemical exports by 2030. The proposal comes amid growing concerns over India’s modest 3.5% share in global value chains (GVCs), compared to China’s commanding 23%. In its latest report…

NITI Aayog launches ‘Chemical Industry: Powering India’s Participation in Global Value Chains’

On July 3, 2025, the National Institution for Transforming India (NITI) Aayog released the report titled “Chemical Industry: Powering India’s Participation in Global Value Chains”.  This 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 […] The post NITI Aayog launches ‘Chemical Industry: Pow…