Indian exports to the US plummeted by 28.5% between May and October 2025 due to aggressive US tariff hikes, hitting labour-intensive sectors hardest. Shipments dropped significantly as duties surged, making Indian goods heavily taxed compared to competitors. Delays in operationalizing export promotion schemes are further hindering recovery efforts.
Tariff shock: Indian exports to US crash 28.5%; GTRI warns labour-heavy sectors hurt most
📅 Published: November 29, 2025 |
📂 Category: Uncategorized