New Delhi, July 15 -- India could see a significant boost in its apparel exports to the United States amid ongoing tariff tensions involving key Asian exporters, according to a recent report by the State Bank of India (SBI).

The report highlighted that India, which currently holds a 6 per cent share in the US apparel imports market, stands to benefit if it captures an additional 5 per cent share from competing countries. This potential gain could translate into a 0.1 per cent addition to India's GDP.

The report noted that apart from its strong position in chemicals, India has a Revealed Comparative Advantage (RCA) in textiles and exports apparel and accessories to the United States.

However, it faces stiff competition from countries li...