INDIA’S agrochemicals industry remains resilient and is projected to grow to US$14.5 billion by 2027-28, with a CAGR of 9 per cent, despite global headwinds, according to a report by Rubix Data Sciences — a leading provider of risk management and monitoring solutions.
CAGR is Compound Annual Growth Rate.
According to the report, India’s agrochemical industry is valued at US$11.2 billion in 2024-25, having grown 8.7 per cent year-on-year despite a challenging global environment.
Exports saw a sharp 22 per cent decline in 2023-24, driven by global inventory destocking, aggressive price competition from China, and weak demand in major markets.
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