A recent report by a leader in global finance, PriceWaterhouseCooper (PwC), suggests that by 2050 India will be the second-largest economy in the world, in terms of GDP based on purchasing power parity.
A growing middle-class, and increasingly young population will continue to increase domestic demand for goods and services – which will of course ultimately benefit the country’s industrial gas market.
In 2016, gasworld Business Intelligence estimated that the Indian industrial gases business generated revenues of approximately $1.3bn, the 10th largest in the world, and is experiencing annual growth of over 5%.
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