Economy News


India anticipated to become self-reliant in production of urea soon
(12:07, 25 May 2023)
Bhagwanth Khuba, MoS for Chemicals & Fertilizers and New & Renewable Energy has highlighted the rapid growth of Indian economy in last 9 years. Indian economy has risen to 5th largest economy of the world from the 10th position during this period. He noted that World Bank has also recognized that India is better positioned to navigate Global Headwinds than other major emerging economies. Further, he informed that 9 urea plants of 12.7 Lakh MT capacity each have been set up in the last 9 years and soon India is anticipated to become self-reliant in production of urea.

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