New Delhi, Oct 15 (PTI) India's merchandise exports to the US declined for the second consecutive month in October, falling by 8.58 per cent to USD 6.3 billion due to the hefty 50 per cent tariffs imposed by Washington, while imports increased by 13.89 per cent to USD 4.46 billion during the month, according to the commerce ministry data.
During the April-October period of this fiscal, the country's exports to the US increased by 10.15 per cent to USD 52.11 billion, while imports rose 9.73 per cent to USD 30 billion, the data showed.
The US has imposed a sweeping 50 per cent tariff 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.
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