Barclays says Indian exports under 'serious threat' from US tariffs

Barclays flags accelerating downside risk to India's economic growth from steep U.S. tariffs

Estimates 70% ($55 bln worth) of India's exports to U.S. under "serious threat"

Says 50% tariff firmly places India at disadvantageous position vs emerging market peers

Notes India's top U.S. exports such as electrical machinery and gems and jewellery face largest tariff hikes compared with the start of the year

Says apparel, gems & jewellery, footwear, leather likely to see adverse impact given their labour-intensive nature as well as higher dependence on U.S. demand

Adds prudent for India to explore alternative export destinations

Nifty 50 .NSEI falls 0.25% day after additional 25% tariffs enforced