New Delhi, March 17 -- India is expected to face minimal impact from the recent reciprocal tariffs imposed by the United States, according to a report by SBI Research released on Monday.

The report highlights that India's diversified export base, increased value addition, and exploration of alternative trade routes through the Middle East to the US and Europe have strengthened its position in the global supply chain.

The anticipated decline in exports due to the US tariffs is estimated to be between 3 per cent and 3.5 per cent. However, this is expected to be offset by higher export targets in both manufacturing and services, the report stated.

India may also benefit from the US tariffs on aluminium and steel imposed last week. India c...