Even before exports to the biggest export market — the United States — became tougher due to hefty 50% tariffs, India exporters turned attention to other countries recording smart gains in shipment products.

Diversification of export markets have seen a higher share of a few Asian markets in India’s export basket, including for items that are expected to be hit by the additional US tariffs the hardest. Exports of textiles, gems and jewellery, and marine products to UAE , Vietnam, Belgium, and Saudi Arabia recorded sharp increases, driven by rising demand across Asia and Europe. The signs of escalating tariffs by the US were visible since before the election of US President Donald Trump in November last year. Indian exporters seem to have promptly hedged the risks with diversificati

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