The commercial industrial gases market in India is estimated to have generated revenues of $1.3 billion in 2016. This is up from just $440 million in 2006, indicating an average annual growth rate of 11.5% for the decade.
The Indian economy has expanded at an impressive rate since 2006, with average GDP growth of 7.3% p.a., when adjusted for inflation. There have been no rates of decline over the past decade, with only a slight deceleration in growth during the financial crisis.
Report Data: 2016