Explain some characteristics of the chemical industry of India.

India is the 12^th largest producer of chemicals in the world and ranks third in Asia.

Characteristics of chemical industry of India:

1. It is a fast-growing industry. It contributes approximately 3 percent of total GDP.

2. It is its own largest consumer and is diversified in use and production.

3. It comprises both large and small-scale manufacturing units, and both have recorded rapid growth.