economy of india

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Petroleum products and chemicals

Economy of India

The Economy of India is the tenth-largest in the world by nominal GDP and the third-largest by purch
Petroleum products and chemicals

Petroleum products and chemicals are a major contributor to India s industrial GDP, and together they contribute over 34 Percent of its export earnings. India hosts many oil refinery and petrochemical operations, including the world s largest refinery complex in Jamnagar that processes 1.24 million barrels of crude per day. By volume, Indian chemical industry was the third largest producer in Asia, and it alone contributed 5 Percent of its GDP. India is one of the top 5 world producers of agrochemicals, polymers and plastics, dyes and various organic and inorganic chemicals. Despite being a large producer and exporter of chemicals, India is a net importer of chemicals given its domestic demand for products.


Sectors
Natural gas
Poverty
Colonial period
Industrial output
Economy of India
Security Markets
Tourism
Gems and jewelry
Retail
Balance of payments
Banking and finance
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