Reliance says India must boost petrochemical output to counter China’s dominance and sustain growth as fuel demand nears peak.

• China’s oversupply shrinks global petrochemical margins; Indian output still lags far behind global capacity norms.
• India’s fuel demand still rising, but shift to cleaner energy pushes refiners toward higher petrochemical conversion.
• Reliance sees future where up to 70% of diesel, 50% of petrol output is diverted to petrochemicals.