India has successfully diversified its export market, with overseas shipments recording year-on-year increase in over 20 countries throughout Europe, the Middle East, Africa, and Latin America, which has helped to mitigate the adverse impact of the US tariff turbulence. This is reflected in India's merchandise exports rising 9% in the July-September quarter of the current fiscal year. Despite the recent 50% increase in US tariffs, India's export performance remains resilient, with merchandise exports rising 6.7% year on year in September, driven by robust growth in high-value commodities such as building materials, mining equipment, wood machinery, pipes and fittings electronics, engineering goods, and marine products.