India's Exports Soar 15%, Defying US Tariffs via New Markets

• India's exports are projected to rise by 15% to $36 billion in November 2025, successfully navigating US tariffs by diversifying its export markets.
• Following a 50% US tariff, India's exports to the US declined, but this was offset by increased trade with China, Spain, Europe, UAE, and Russia.
• Exports to China surged 33% in September and 42% in October, making it and Spain India's fastest-growing major export markets during that period.
• Electronics exports grew 37.9% to $26.29 billion, and marine product exports increased 11.66% to $4.69 billion in April-October 2025-26.
• Russia presents a new market opportunity for Indian agricultural and engineering products, with current exports significantly below Russia's import demand.

Why It Matters: India's export diversification strategy successfully countered US tariffs.