Ethylene and its connections to the oil market

India's economy continues to be a bright spot in the global economy. With 1.3 billion people, India has the potential to meet the aspirations of its rising population. It actively seeks investments to bridge the import gap and become self-sufficient in areas where it sees an opportunity. India is a $170-180 billion chemical market, accounting for 3-3.5% of the global share. Indian petrochemical demand to touch a value of $850-1,000 billion by 2040, growing by a CAGR of 9-10%. By 2040, India to account for a global share of 10-12% of petrochemical demand.