New Delhi - State-run export credit agency ECGC Ltd has upgraded the country risk ratings of 24 nations for short-term exports, a move expected to significantly reduce insurance premiums for Indian exporters and support market diversification amid rising global trade uncertainty and higher US tariffs, officials said.

The upgrade, following a comprehensive review, aims to protect exporters from the adverse impact of tariff hikes in traditional markets—particularly the US—and encourage expansion into alternative geographies. Short-term exports typically involve the realisation of export proceeds within one year.

ECGC Ltd, formerly the Export . . .