India is actively pursuing new trade agreements with various economies, including the EU, Eurasian Economic Union, Mexico, Chile, and Mercosur, to diversify its export markets. This strategy aims to mitigate the impact of steep US tariffs, which have strained relations and threatened job losses. While a US trade deal remains elusive, India's recent agreements with Britain and New Zealand are seen as steps towards spreading risk and opening new avenues for its manufacturing and export ambitions.