Petrochemical profitability in India may face muted prospects due to anticipated oversupply, according to CareEdge Ratings. The rescission of Bureau of Indian Standards (BIS) Quality Control Orders is expected to increase imports, intensifying competition for domestic players. While Indian companies are expanding capacity, particularly in PVC and polypropylene, profitability will hinge on cost competitiveness, global demand, and government support. Near-term prices and spreads are likely to remain weak due to global oversupply, despite steady consumption growth.