**Summary:**
This document summarizes the Indian government's response to Lok Sabha Unstarred Question No. 1076, regarding the impact of the economic slowdown in Western markets on the Indian chemical industry. The response, provided by the Minister of State in the Ministry of Chemicals and Fertilizers, Smt. Anupriya Patel, indicates that the Indian chemical industry is primarily driven by increasing domestic demand. Export figures demonstrate resilience and stable global demand for Indian chemical products. Specifically, exports were US$45.45 billion in FY 2022-2023, US$44.99 billion in FY 2023-2024, and US$46.41 billion in FY 2024-2025, representing a 3.64% increase in FY 2024-2025. Furthermore, export figures for April-May FY 2025-2026 reached US$7.58 billion, which is 1.33% higher than the US$7.48 billion recorded during the same period in FY 2024-2025. Given the stable global demand, the government concludes that specific measures to tackle decreased demand due to global recession are not currently required. The Ministry of Chemicals and Fertilizers, Department of Chemicals and Petrochemicals is responsible for this policy.
Key Entities Referenced
MINISTRY OF CHEMICALS AND FERTILIZERS: A ministry within the Government of India.
DEPARTMENT OF CHEMICALS AND PETROCHEMICALS: A department under the MINISTRY OF CHEMICALS AND FERTILIZERS.
LOK SABHA: The lower house of the Parliament of India.
SHRI Y S AVINASH REDDY: Member of Parliament who raised the question.
SMT. ANUPRIYA PATEL: The MINISTER OF STATE IN THE MINISTRY OF CHEMICALS AND FERTILIZERS who answered the question.
Indian chemical industry: The chemical industry within India, facing pressure due to the economic slowdown in Western markets.
Western markets: The Western markets are experiencing an economic slowdown which is creating pressure on the Indian chemical industry.
FY 2022-2023: Financial year 2022-2023. Relevant for export figures of Indian chemicals.
GOVERNMENT OF INDIA
MINISTRY OF CHEMICALS AND FERTILIZERS
DEPARTMENT OF CHEMICALS AND PETROCHEMICALS
LOK SABHA
UNSTARRED QUESTION No. 1076
ANSWERED ON- 25/07/2025
REDUCING DEMAND FOR INDIAN CHEMICALS
1076. SHRI Y S AVINASH REDDY:
Will the Minister of CHEMICALS AND FERTILIZERS be pleased to state:
(a) whether the Government is aware that the Indian chemical industry is facing pressure
due to the economic slowdown in Western markets;
(b) if so, the details thereof; and
(c) the manner in which the Government plans to tackle this decrease in demand in these
times of global recession?
ANSWER
THE MINISTER OF STATE IN THE MINISTRY OF CHEMICALS AND FERTILIZERS
(SMT. ANUPRIYA PATEL)
(a) & (b): The Indian chemical industry has been growing at a steady rate, driven majorly
by increasing domestic demand across various downstream industries. The overseas demand
from global markets, which is being catered through exports has shown resilience over the
past few years as revealed by the export figures over the past three years of US$ 45.45 billion
in FY 2022–2023, US$ 44.99 billion in FY 2023–2024, with the figure rising by 3.64% in
FY 2024–2025 to US$ 46.41 billion. Additionally, export figures for April–May FY 2025–
2026 stood at US$ 7.58 billion, which is 1.33% higher than the figure of US$ 7.48 billion
during the same period in FY 2024–2025. These figures thus demonstrate stable global
demand for Indian chemicals products.
(c): Does not arise
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