Tag: Plastics Import Substitution

India: Plastics trade deficit more than doubles to INR 1.18 lakh crore since FY’19

Oct 12, 2026

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by

Manvendra Chauhan

in PET, Polyethylene, Polypropylene, Polystyrene

Non-commodity plastics now drive 73% of the deficit Commodity polymer net imports at INR 32,275 crore in FY’25 India’s trade deficit in plastics and articles thereof (HS Chapter 39) widened from INR 50,512 crore in FY19 to INR 1,17,903 crore in FY25. The gap held steady at around INR 47,000-52,000 crore until FY21, then imports…