NEW DELHI: Indian exporters have begun a strategic shift toward market diversification as a primary mechanism to counter the impact of significantly higher US tariffs and the absence of a formal trade deal. According to a report from the Bank of Baroda, this transition follows a period of rapid frontloading of shipments earlier in 2025 as businesses sought to secure cost advantages before new trade barriers took effect.

The report identifies a structural change in India’s export profile, specifically highlighting two distinct phases influenced by US policy shifts. Following the US tariffs announcement on . . .