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Chemical Week Magazine :: Viewpoint

India’s Path to Growth

10:30 AM MST | February 21, 2012

Investment in India may be about to take off, carrying chemical demand along with it. Bureaucracy, poor utilities and raw materials provision, and an uncompetitive environment have for many years undermined India’s huge market potential, driving international companies to more attractive opportunities in China and elsewhere. Indian GDP growth is expected to be 6.9% this year, and 7%-7.5% next year. India’s GDP is set to expand 43% between 2007 and 2012, according to the International Monetary Fund. India’s population is shifting to cities, which...

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