December 2012

2012 Petrochemical Review

Asia: India

The Indian economy has come a long way since the 1991 economic reforms. A decade and a half of economic reform and globalization is yielding returns that cut across all income groups. The domestic eco..

The Indian economy has come a long way since the 1991 economic reforms. A decade and a half of economic reform and globalization is yielding returns that cut across all income groups. The domestic economic expansion has also accelerated growth within the industrial and services sectors. India is forecast to emerge as one of the top five economies by 2025. This nation’s rapid economic growth has spurred demand for a wide range of petrochemicals. Consumption of key petrochemicals, such as polymers, is projected to show double-digit increases due to strong support by India’s growing middle class. The after-effects from the global recession did not significantly impact India due to s

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