India Plans to Diversify Exports to Evade Trump's 50% Tariffs; 50 Countries Shortlisted: Report

India plans to diversify exports to evade Trump's 50% tariffs; 50 countries shortlisted: Report

India is mulling diversification of its exports to deal with the probable impacts of steep rise in the US tariffs. The Commerce Ministry has shortlisted over 50 countries to export Indian goods to evade fiscal deficit, Mint reported citing two senior government officials. Notably, US President Donald Trump has announced whopping 50 per cent levies on India for buying oil from Russia. These countries, located across regions such as the Middle Eas…

US tariffs: Strong corporate growth, govt support to mitigate credit impact on India, says Crisil - Get Latest National & International News Updates

Insight Online News New Delhi, Aug 12 : Strong corporate balance sheets, potential bilateral trade agreements with other countries and the possibility of support from the Indian government for the impacted sectors could mitigate the credit impact to some extent arising due to increased US tariffs on India, a Crisil report said on Tuesday. Any support measures from the Indian government to safeguard the tariff-impacted sectors will play an import…

Expert Michael Kugelman Urges India To Stand Firm Against Trump's 50% Tariff And Strategise New Trade Deals To Mitigate Impact

Following the U.S. imposition of a steep 50 percent tariff on Indian goods, Washington-based South Asia analyst Michael Kugelman stressed th...

India Expands Export Strategy To 50 Countries To Mitigate Impact Of New US Tariffs

India’s Commerce Ministry has made a big change in its strategy by expanding its export market focus from 20 to 50 countries. This is meant to make India less dependent on a few main destinations and more resilient to problems in global commerce. The decision was made because the United States put new, high tariffs on commodities from India. NDTV Profit’s sources say that the main markets they want to reach are in the Middle East and Africa, whi…

India Expands Export Market Target To 50 Countries To Cushion US Tariff Impact

Officials said the ministry is working on a detailed product-by-product strategy under three key pillars, such as export diversification, import substitution, and boosting export competitiveness. The plan involves identifying priority products for each market, strengthening trade promotion efforts, and addressing logistical and regulatory bottlenecks.