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India Eyes 50 Nations to Diversify Exports After Trump's Tariff Salvo
Mint Bangalore
|August 12, 2025
The Union commerce ministry has shortlisted 50 countries as priority markets for diversifying exports to cushion the impact of steep US tariffs on Indian goods, two senior government officials said.
These countries, spread across the Middle East, Africa, Latin America, Europe, and other key regions, together account for nearly 90% of India's outbound shipments.
The plan focuses on redirecting textiles, seafood, engineering goods, gems and jewellery, petroleum products and chemicals to alternative buyers through targeted trade promotion. Meetings are taking place in the commerce ministry.
Officials from various ministries and industry bodies have been brainstorming to identify product-specific opportunities and push for faster trade facilitation with these destinations, said the first among the two mentioned above.
This story is from the August 12, 2025 edition of Mint Bangalore.
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