India’s Exports to US Fall 37.5% During May-September Amid Tariff Hike
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New Delhi: India’s exports to the United States declined sharply by 37.5 per cent during May to September 2025, dropping from $8.8 billion in May to $5.5 billion in September, according to the Global Trade Research Institute (GTRI). The think tank attributed the decline to weakened demand in key sectors such as pharmaceuticals, smartphones, metals, and automobiles.
Exports of pharmaceutical products fell 15.7 per cent, from $745.6 million in May to $628.3 million in September. Industrial metals and auto parts, which face uniform tariffs across all countries, saw a modest 16.7 per cent drop—from $0.6 billion to $0.5 billi

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