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India needs to boost its petrochemical output to counter China's dominance, Reliance says

  • Petrochemical margins worldwide have shrunk due to China's capacity expansion creating a surplus.
  • India, with lower petrochemical consumption currently, is anticipated to increase its demand as the economy grows.
  • India's economic growth surpasses China's, signaling a need for India to boost its petrochemical output to counter China's dominance.
  • Reliance Industries emphasizes the importance of India taking action to prevent China from further growing its influence in the petrochemical industry.

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