India diversifies export mkt to counter US tariff

India has succeeded in diversifying its export market with overseas shipments recording a year-on-year growth in over 20 countries across Europe, the Middle East, Africa and Latin America which has helped to offset the adverse impact of the US tariff turmoil.

- INDO-ASIAN NEWS SERVICE

This is reflected in the 9 per cent increase in India’s merchandise exports during the July-September quarter of the current financial year.

India's exports performance remains resilient despite the recent 50 per cent US tariff hike, with merchandise exports rising 6.7 per cent year-on-year in September, led by robust growth in high-value commodities such as electronics, engineering goods and marine products.