Plastic and plastic-based products have grown into an essential across the globe. The Indian plastics industry started in 1957 with the production of polystyrene.
Basic chemicals and their related products (paints, varnishes, glass, petrochemicals, fertilizers, perfumes, toiletries, pharmaceuticals, and others) constitute a considerable part of the Indian economy.
The chemical sector has significant growth in India due to various factors such as structural benefits, high domestic consumption, availability of diversified products, and promising export potential. Basic chemicals and their related products such as petrochemicals, fertilizers, paints, varnishes, glass, perfumes, toiletries, pharmaceuticals, and others contribute a significant part in the Indian economy.