New Delhi, Dec. 29 -- State-run export credit agency ECGC Ltd has upgraded risk rankings of two dozen countries, thereby substantially reducing insurance costs for Indian exporters in these geographies, to protect exporters from the adverse impact of US tariffs and encourage them to diversify in alternative markets, two officials said.

The country risk ratings of 24 countries were upgraded under short-term exports after a review, said the officials, asking not to be named. Often, short-term exports involve the realisation of the order amount within one year. ECGC Ltd - erstwhile the Export Credit Guarantee Corporation of India - supported exports worth Rs.8.55 lakh crore in 2024-25, over 16.3% annualised growth. Its net profit in FY25 wa...