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Agrochemical industry set for recovery as exports bounce back after two years: Crisil

Indian agrochemical industry revenue is projected to grow 6-7% this fiscal, driven by a rebound in exports due to improved global demand and normalized inventories. Domestic offtake is slowing due to a protracted monsoon. The industry's return to its long-term growth range of 8-10% next fiscal depends on sustained export momentum and domestic demand recovery.