India, Jan. 9 -- The recent U.S. announcements of a 26% reciprocal tariff on Indian imports (excluding pharmaceuticals), up from 1.06-3.5%, pose short-term challenges, impacting Indian chemical exporters to a key market. However, India remains competitive versus higher tariffs on China (54%), Vietnam (46%), and Bangladesh (37%), creating opportunities to gain market share with strategic adjustments.

India's chemical industry is a cornerstone of the nation's economy, contributing over 9% to manufacturing GVA and nearly 7% of total exports. Ranked sixth globally in chemical production and 14th in exports, India offers a vast portfolio of more than 80,000 products. It holds strong global positions in key segments, second in dyes, third in p...