10-August-2026
Economy News
 
India can diversify exports away from US if 100% tariffs imposed, has $200 bn market in 15 other countries: Economist SP Sharma
10-Aug-2026

India has significant scope to diversify its exports to other countries if the United States imposes tariffs of up to 100 per cent on countries buying Russian crude, with a USD 200 billion market available across 15 other countries for products currently exported to the US, according to economist SP Sharma. Speaking to ANI, Sharma said India has several alternative export destinations and is not heavily dependent on the US market, even as the two countries share strong trade and economic ties.

News Source:- https://economictimes.indiatimes.com/news/economy/foreign-trade/india-can-diversify-exports-away-from-us-if-100-tariffs-imposed-has-200-bn-market-in-15-other-countries-economist-sp-sharma/articleshow/133068310.cms