Indian exports to US decline 37.5% in 5 months amid 50% Trump tariffs
India’s exports to the United States have declined for the fourth consecutive month across nearly all sectors, according to a recent analysis by the Global Trade Research Initiative (GTRI).
The report highlighted that between May and September 2025, India’s exports to its largest trading partner fell sharply by 37.5%, dropping from $8.8 billion to $5.5 billion. The decline is largely attributed to the steep US tariffs imposed earlier this year, which now total 50% for Indian goods, following an initial 10% levy in April, a rise to 25% in August, and further escalation to 50% later that month. These tariffs were partly introduced as a response to India’s purchase of discounted Russian oil.
The sectors hit hardest were those that previously enjoyed zero tariffs. Exports in this catego...










