Significance of Plastic Export in the Indian Economy
Plastic is used throughout nearly every sector, which includes packaging, Building and construction, textiles, consumer products, transportation, electric and electronics, and, commercial machinery. The business of this product is huge across the world. Plastics are so flexible and part of our lives that you may find them everywhere. Plastic’s Popularity is attributed to its properties like lightweight, durability, chemically stable, and functionality of being molded into different shapes and sizes. Exporters made billions of dollars globally by selling or exporting this product. The plastic industry achieved exports of $13 billion during the 2021-22 period through a growth of 30%. The Indian plastic industry market is one of the rapidly growing sectors in the country’s economy. The industry is present all over the country and has more than 2,000 exporters of plastic material. India manufactures different products using plastics such as houseware products, cordage, fishnets, floo...