Indian exporters redirect shipments to Asia and Europe as steep US tariffs hit key sectors: Report

Indian exporters are diversifying to Asian and European markets to counteract US tariffs. Gems and jewellery exports to the US fell 76% in September, but overall exports only dropped 1.5% due to increased shipments to the UAE, Hong Kong, and Belgium. The government is supporting exporters with ₹45,060 crore in assistance, including credit guarantees and operational schemes.