India’s exports to US down 28.5 pc in last five months due to high tariffs: GTRI

NEW DELHI, Nov 29: India’s exports to its largest foreign market, the US, have suffered a sharp reversal due to aggressive tariff hikes, think tank GTRI said in a report on Saturday. Between May and October 2025, shipments fell 28.5 per cent, from USD 8.83 billion to USD 6.31 billion, it said. The decline followed a rapid escalation in US duties that began at 10 per cent on April 2, rose to 25 per cent on August 7, and reached 50 per cent by late August, making Indian goods among the most heavily taxed of any US trading partner, it…