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India's exports to US steady
India's exports to the United States have remained stable at around 20% of total exports, despite the imposition of punitive tariffs that initially stood at 50%, then were reduced to 18% in February, and finally to 10%. India has diversified its trade relations through agreements with Britain, the European Union, Oman, and New Zealand to reduce dependence on the American market, which remains the largest globally in electronics, pharmaceuticals, and engineering products. Exports to China have also increased by 42%, reaching $21.5 billion. Additionally, India is seeking to expand its network of trade agreements with promising markets such as Tanzania, Vietnam, and South Korea, as well as adding new production lines and strengthening its presence in markets across Latin America, the Middle East, and Africa, in order to face challenges and achieve sustainable export growth.
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