US Tariffs Hit Indian Exports: Diversification Key to Survival, Experts Urge

• US 50% tariffs on Indian goods cause strain, job losses (1.5 lakh in Surat diamond industry), and rising costs for exporters.
• Experts like Arpita Mukherjee (ICRIER) and Ajay Sahai (FIEO) advocate market diversification and reduced logistics costs to cushion the impact.
• India is pursuing trade deals (Oman, UAE, potential EU deal) to open new markets and mitigate tariff pressures.
• Exporters face challenges for the next season if a US trade deal doesn't materialize, risking loss of future orders to competitors.
• Government support, RBI assistance, and continued market diversification are crucial for maintaining India's export momentum by 2026.

Why It Matters: Diversifying export markets and securing trade deals are crucial for India to mitigate US tariff impact and sustain growth.