New Delhi, Jan. 2 -- Indian exporters have begun a strategic shift toward market diversification as a primary mechanism to counter the impact of significantly higher US tariffs and the absence of a formal trade deal. According to a report from the Bank of Baroda, this transition follows a period of rapid frontloading of shipments earlier in 2025 as businesses sought to secure cost advantages before new trade barriers took effect.

The report identifies a structural change in India's export profile, specifically highlighting two distinct phases influenced by US policy shifts. Following the US tariffs announcement on April 2, 2025, exports to the US surged by USD 6 billion during the April-August period compared to the previous year. This s...