SaralnamaIndia's exports to the US fell 20% in September and 40% in the last four months. The US imposed 50% tariffs on Indian goods. This includes a 25% penalty for India buying Russian oil. Textiles, jewellery, and engineering sectors suffered heavy losses. Exports to the US dropped from ₹73,040 crore in May to ₹45,650 crore in September. India's trade deficit widened to ₹2,66,845 crore. Trade talks between India and the US are ongoing. The US wants more access to India's farm sector. Until recently, the US was India's largest trading partner. Modi and Trump aim to increase bilateral trade to ₹41,50,000 crore. (Updated 16 Oct 2025, 11:50 IST; source: link)
Key Points
- India 's exports to the US fell 20% in September and 40% in the last four months
- The US imposed 50% tariffs on Indian goods
- This includes a 25% penalty for India buying Russian oil