India’s merchandise exports to the US fall ~12% in September while non-US markets grow ~10.9%

According to a report by CRISIL Limited, India’s goods exports to the United States declined approximately 11.9% in September (to roughly US $5.5 billion), while exports to non-US destinations rose about 10.9%. The divergence is attributed to new US tariffs, slower global demand and supply-chain shifts. CRISIL projects that India’s current-account deficit will remain manageable at around 1% of GDP, supported by strong services exports and remittances.