 "Chemicals")
Small and medium enterprises (SMEs) in the domestic chemicals sector are on course for 18-23 per cent revenue growth in the current fiscal year (FY22), mainly owing to recovery in domestic demand and higher realisation due to a rise in the prices of chemicals.
Moreover, an ongoing surge in exports as importer-countries reduce their dependency on China and turn to suppliers elsewhere, including India, will support growth. However, India’s second Covid-19 wave will be a key factor that needs to be monitored.
China has also been shuttering chemical units to fight rising pollution, which will also
Moreover, an ongoing surge in exports as importer-countries reduce their dependency on China and turn to suppliers elsewhere, including India, will support growth. However, India’s second Covid-19 wave will be a key factor that needs to be monitored.
