The Chemicals Manufacturing Value Added in India has shown fluctuations over the years from 2013 to 2023. Initially, it saw a decline in 2014 but rebounded in 2015 with a significant increase. The subsequent years witnessed a mix of slight declines and gradual increases. From 2019 onwards, there was a consistent steady growth, reaching a value of 20.86 in 2023. The year-on-year variation for 2022 and 2023 indicated minimal growth, while the last five-year CAGR up to 2023 stood at 1.58%.
Looking forward, the forecasted data from 2024 to 2028 suggests a stable but slow growth trajectory with a forecasted 5-year CAGR of 0.11% and an overall growth rate of 0.54%. Future trends to watch for include technological advancements, regulatory changes, and shifts in global demand and supply chains, which could influence the chemicals manufacturing sector in India.
