New Delhi, March 17 -- India's exports to the US could decline by 3-3.5% if Washington implements reciprocal tariffs next month, but this may be offset by ambitious targets in manufacturing and services, along with efforts to diversify exports, SBI Research said in a report on Monday.

New Delhi also must boost value addition, tap new markets, and establish alternative trade routes from Europe to the US through West Asia, reshaping global supply chains, it said.

The post-covid surge in the US economy may have been an outlier driven by policy stimulus, with long-term trends pointing to a potential slowdown in GDP growth, exports, and consumption, the report said.

It added that India could benefit amid rising global trade uncertainties an...