According to a report by the Economic Times on October 20, despite the challenges posed by U.S. tariffs on Indian exports, India's efforts to diversify its export markets are showing results. A report by the Indian think tank "Global Trade Research Initiative (GTRI)" shows that after most Indian goods were subjected to additional tariffs, India's exports to the U.S. fell from USD 8.8 billion in May 2025 to USD 5.5 billion in September 2025, a decline of 37.5%. Although the impact of U.S. tariffs on the Indian economy is inevitable, India's overall economic growth remains stable. The International Monetary Fund (IMF) predicted in October that India's economic growth rate for the fiscal year 2025-26 will reach 6.6%, higher than 6.5% for the fiscal year 2024-25. In addition, India's overall export performance remained stable. From July to September 2025, India's exports increased by about 9% year-on-year, with categories such as electronics, engineering goods, and seafood performing particularly well. Currently, Indian exporters are actively exploring alternative markets in Africa, Latin America, and the Middle East. According to statistics, India's exports to 24 countries showed positive growth from April to September 2025, which partially compensated for the loss in exports to the U.S. However, although alternative markets such as Gulf countries and the UK show promising prospects, Indian exports still face tariff and non-tariff barriers, as well as challenges related to logistics, certification, and cultural adaptation. At the same time, India's export structure is overly dependent on a few industries such as electronic manufacturing, and the related export performance is mainly concentrated in a few large enterprises. Analysts point out that to maintain the momentum of growth, India must focus on improving domestic logistics, reducing factor costs, and perfecting trade infrastructure, and increase investments in trade facilitation, warehousing, cold chain, and last-mile delivery systems.

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