<h1>Trade tariff risk prompts exporters to diversify as currency depreciation boosts export competitiveness but raises import costs.</h1> A weaker rupee raises rupee receipts for dollar exports, improving price competitiveness and opening opportunities in emerging markets, while import dependent sectors face margin pressure from costlier imported inputs. Policy focus is on export market diversification away from concentrated US dependence and on increasing domestic value addition to reduce import intensity and sustain export growth amid tariff uncertainty and forex risks.