Barclays warns U.S. tariffs could cripple India's exports, urging diversification beyond the American market in 2024.

• 70% of Indian exports, $55 billion, face a serious threat from the new 25% tariff increase to the U.S.
• Half tariff level puts India at a disadvantage versus its peers, hurting the electrical machinery, gems, and jewellery sectors.
• Labor‑intensive apparel, footwear, and leather also suffer, prompting a call for alternative export destinations immediately in India.