India eyes $200bn export opportunity across 15 markets amid US tariff threat

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India is exploring alternative export markets as the United States considers imposing steep tariffs on Russian crude and broader trade. Fifteen potential markets collectively valued at around $200 billion have been identified as viable destinations for Indian exporters. While India's merchandise exports to the US stand at $87 billion, shipments to these alternative markets are growing at a faster pace. This shift reflects India's strategic effort to diversify its trade relationships and reduce dependence on any single market amid evolving global trade pressures.

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