India's Strategic Trade Moves Amid US Tariff Impacts

India is mitigating potential impacts of US tariffs by diversifying exports and forming strategic Free Trade Agreements (FTAs). With evolving trade routes, adding value to exports, and capitalizing on digital trade, India aims for resilience and growth in the global market despite international economic challenges.

US President Donald Trump's proposed tariffs are unlikely to significantly impact Indian exports, potentially reducing them by only 3-3.5%, states a recent SBI Research report.

Despite marginal declines, India's strategic export diversification and new trade routes may offset the setback, positioning it for growth in the global market.

As India signs multiple Free Trade Agreements and explores digital trade possibilities, experts anticipate a robust future in international trade, bolstered by ongoing negotiations and geopolitical factors.

(With inputs from agencies.)