India can diversify exports away from US if 100 % tariffs imposed , has $200 bn market in 15 other countries : Economist SP Sharma

Economist SP Sharma has stated that India possesses the capacity to diversify its export markets away from the United States should the U.S. implement 100 percent tariffs on Indian goods. According to Sharma, India has identified alternative markets across 15 other countries that represent a combined trade potential of $200 billion.

This assessment highlights a strategic shift in India's trade policy planning in response to potential protectionist measures from the U.S. By leveraging these alternative markets, India aims to mitigate the economic impact of high tariffs and maintain its export growth trajectory.