India's Exports Defy US Tariffs, Thrive Through Market Diversification: Economic Survey

• India's exports show resilience despite high US tariffs (approx. 50%) due to strategic market diversification.
• Exports to the US declined in April–November FY26, particularly in labor-intensive sectors.
• Global exports recorded positive growth, offsetting US declines through new markets like UAE, Hong Kong, Europe, and Africa.
• Key sectors like gems and jewelry, marine products, auto components, and textiles saw US declines but global growth.
• Trade agreements like India–UAE CEPA and India–UK FTA are expected to further boost export growth and stability.

Why It Matters: India's exports remain strong by diversifying markets and leveraging trade agreements, despite high US tariffs.