New Delhi (PTI): India's merchandise exports to the US declined by 11.93 per cent to USD 5.46 billion in September due to the high tariffs imposed by Washington while imports increased by 11.78 per cent to USD 3.98 billion during the month, according to the commerce ministry data.
During the April-September period of this fiscal, the country's exports to the US increased by 13.37 per cent to USD 45.82 billion, while imports rose 9 per cent to USD 25.6 billion, the data showed.
The US has imposed a sweeping 50 per cent tariffs on Indian goods entering American markets from August 27. The two countries are negotiating a bilateral trade agreement to boost two way commerce. The Indian team is in Washington for the trade talks.
According to think tank GTRI, shipments to the United States pl