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India’s exports to the U.S. collapse 37.5% in May-Sept amid tariff fallout
Indian exports to the U.
Between May and September 2025, India’s exports to the United States declined by approximately 37.5 %, according to data from the Global Trade Research Initiative (GTRI). The sharp drop follows steep U.S. tariff hikes on Indian goods, affecting sectors including textiles, leather and several tariff-free categories. The collapse signals mounting external headwinds for India’s external sector and raises pressure on the economy’s export-led growth trajectory.