Abstract
Castor plant is a perennial shrub that can grow up to 3–5m long and found across all the tropical and subtropical areas of the globe. India ranks first in the world with an average production of around 106 ton of castor seed and 3.5–5.0∗105ton of castor oil. Castor oil has numerous industrial and medicinal applications, and its demand is increasing by 3%–5% per annum. The demand for castor oil derivatives is growing as they are biodegradable, cheap, and readily available. India needs to maintain its position in the global market by fulfilling the demand of castor seeds and oil. Research and development on hybrid castor seeds, implementation of modernized technology and production of derivatives through green chemical routes are the possible ways to enhance the economy of India in world castor market.
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