New Delhi, July 14 -- India has a significant opportunity to increase its chemical exports to the United States if it manages to negotiate for less than 25 per cent tariffs, according to a recent report by the State Bank of India (SBI).

The report noted that by capturing a part of the market share currently held by China and Singapore, India can increase its share in chemical exports to US.

The report highlighted that if India is able to capture just 2 per cent of the chemical export share from these two countries, it can potentially add 0.2 per cent to its Gross Domestic Product (GDP).

SBI stated "India can capture China and Singapore's share in chemical exports to US".

The report pointed out that among the top five imports by the US...