Trump tariffs fail to dent India’s export dependence on US; share stays near 20%

US exports from India stood at $87.31 billion in 2025-26, up from $86.51 billion in 2024-25. India’s dependence on the US as its biggest export market has remained largely unchanged despite President Donald Trump’s tariff measures and New Delhi’s efforts to diversify trade, according to an analysis of commerce ministry data. The US accounted for around 20 per cent of India’s exports in the 12 months through July, broadly maintaining its share despite tariffs on Indian goods reaching as high as 50 per cent during the period. The tariff rate was later reduced to 18 per cent in February and…