‘Severe sectoral pain’: India’s exports to US fall for third straight month as Trump imposes 50% tariffs; GTRI urges policy response

India's exports to the US have been declining for three consecutive months, with August experiencing a significant 16.3% drop due to increased tariffs imposed by the US. The impact is uneven, heavily affecting sectors like apparel and gems, potentially leading to substantial export losses and job cuts.

‘Severe sectoral pain’: India’s exports to US fall for third straight month as Trump imposes 50% tariffs; GTRI urges policy response
India's exports to the US have been declining for three consecutive months, with August experiencing a significant 16.3% drop due to increased tariffs imposed by the US. The impact is uneven, heavily affecting sectors like apparel and gems, potentially leading to substantial export losses and job cuts.