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NITI: chemicals to $1 trillion by 2040

1 min readManufacturing & PLI
Battle IAS current affairs title card: NITI: chemicals to $1 trillion by 2040 (GS3 · Industry, 3 July 2025)

What happened

  • NITI Aayog’s report on the chemical industry sees India’s output reaching USD 1 trillion by 2040 [PIB].
  • India’s GVC share could rise from 3.5% in 2023 to 5-6% by 2040, with 7 lakh additional jobs by 2030 [PIB].

Background

  • Specialty and green chemicals are the growth areas [PIB].

Why it matters

  • Chemicals feed pharma, textiles and farm inputs.

How to use this in Mains

GS-III Infrastructure: energy, ports, roads, airports, railways; investment models

  1. As per PIB (2025-07-03): NITI Aayog's report on the chemical industry sees India's output reaching USD 1 trillion by 2040.
  2. Chemicals feed pharma, textiles and farm inputs.
Quotable data point

India's GVC share could rise from 3.5% in 2023 to 5-6% by 2040, with 7 lakh additional jobs by 2030.

PIB: NITI chemical industry report, 3 Jul 2025

Exam angle

UPSC

Prelims: GVC share.

Practice MCQs

Original practice questions (not PYQs).

Practice · UPSC

India's chemical GVC share in 2023

Answer (b) & explanation

PIB.

Go deeper

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Official source: PIB: NITI chemical industry report, 3 Jul 2025

facts from cited sources only; faculty review pending