New Delhi, Feb. 18 -- The export competitiveness of the domestic chemical industry has been improved as India-USA and India-EU Free Trade Agreements (FTAs) provide Indian chemical companies a level playing field with other developing nations and also offer benefits from duty differential with China, according to a report by Centrum.

The report stated that these trade agreements, by reducing tariffs, create more favourable market access. This is expected to strengthen India's position in global chemical supply chains and support long-term growth for the sector.

It stated, "While outlook will have a company-specific element to it, clarity on India-USA and India-EU FTA provides India a level playing field with other developing nations and ...