Indian Lubricants Market

Indian Lubricants Market on a Slow but Promising Path to Growth, sees Kline

The global lubricants market is rapidly changing.  Ranking third after the United States and China, India is one of the most important markets. Kline’s recently published Opportunities in Lubricants: India Market Analysis is a comprehensive analysis of the Indian lubricants market, focusing on key trends, developments, challenges, business opportunities, and major suppliers.

With a GDP of USD 1,825 billion in 2012, India is the third-largest economy in Asia, after China and Japan. Historically, India has been one of the fastest growing major economies. However, since 2010, the economic growth rate has successively dropped from 9.3% in 2010–2011 to about 5.3% in 2013–2014.Continue reading