India eyes $87 bln investment in petrochemicals sector over next decade, says minister
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 18 2024
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Source: Reuters
Investment in Petrochemicals: India is projected to attract $87 billion in investments over the next decade to meet rising petrochemical demand, driven by an expanding middle class and lower per capita consumption compared to developed nations.
Growth Projections: The country's petrochemical production is expected to rise from 29.62 million tons to 46 million tons by 2030, with the sector's value increasing from $220 billion to $300 billion by 2025, supported by commitments from state-run and private oil companies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
