India’s items exports to the USA fell for the second straight month in September as US tariff measures started to chunk key sectors like textiles, gems and jewelry, and marine merchandise.
Exports to the US slipped to $5.43 billion in September, down from $6.87 billion in August, marking an almost 21% month-on-month drop. Imports from the US, nonetheless, rose to $3.98 billion from $3.6 billion within the earlier month, in line with the most recent commerce knowledge by the Ministry of Commerce.
Commerce Secretary Rajesh Agrawal acknowledged the tariff affect however mentioned India’s exports to the US remained “within the inexperienced” on a cumulative foundation. “A part of the business that is not going through tariffs is rising, whereas the impacted sectors are preventing these challenges,” he informed NDTV Revenue, including that the actual affect of the tariffs would start to replicate from September and October knowledge.
Agrawal mentioned the ministry was analysing which product segments have been going through headwinds. “We’ll perceive what sort of tariff affect every commodity is going through. About 45% of our exports are unaffected, however the remaining 55% will see some degree of disruption,” he mentioned.
Information for April–September reveals general exports stay supported by engineering items ($59.36 billion), petroleum merchandise ($30.63 billi ), and electronics ($22.2 billion). Imports have been led by petroleum crude ($56.15 billion), digital items ($29.61 billion) and gold ($26.51 billion), indicating persistent power and electronics demand.
Agrawal remained optimistic, anticipating US-bound exports to return to a development trajectory as negotiations proceed to ease tariff pressures. “We’re hopeful that sectors presently below pressure will stabilise as soon as the instant tariff section settles.”
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