New Delhi, Jan. 3 -- Indian exporters are increasingly diversifying export markets to mitigate the impact of sharply higher US tariffs and the absence of a formal bilateral trade agreement, according to a report by Bank of Baroda.

The shift follows a phase of accelerated shipments earlier in 2025, when exporters frontloaded exports to take advantage of lower tariff rates before new trade barriers were imposed.

Two-Phase Shift in Export Patterns

The report identifies a structural change in India's export profile, unfolding in two distinct phases following changes in US trade policy, reported ANI.

After the US announced higher tariffs on April 2, 2025, Indian exports to the US rose sharply, increasing by about USD 6 billion during the A...