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.