Centre expands export push to 50 Nations amid US tariffs

The Centre is intensifying efforts to boost India’s overseas shipments, expanding its focus from 20 to 50 countries — covering regions such as the Middle East and Africa — as part of a strategy to counter the impact of heavy US tariffs on Indian goods, a senior official said on Monday. These targeted markets account for nearly 90% of India’s total exports.According to the official, the commerce ministry is working on a four-pillar strategy comprising export diversification, import substitution, export competitiveness, and targeted product-level interventions. “Detailed analysis is underway on these pillars. The ministry is working product by product,” the official added.
The latest expansion in the country list is aimed at reducing dependence on a few markets and tapping emerging opportunities in fast-growing economies. By widening the geographical spread, the government hopes to shield exporters from the volatility caused by trade disputes and tariff hikes.India’s merchandise exports stood flat at $35.14 billion in June due to global economic uncertainties. However, the trade deficit narrowed to a four-month low of $18.78 billion in the month, offering some relief to policymakers.According to information,in the April–June period of FY2025-26, exports rose 1.92% year-on-year to $112.17 billion, while imports grew 4.24% to $179.44 billion. Officials say the new market diversification strategy, coupled with sector-specific policy support, could help sustain export growth momentum in the coming quarters despite headwinds from major economies.

(Business Correspondent)