India-US trade takes a hit amid tariff row; exports fall 37.5% in four months: GTRI report

India’s exports to the US have plummeted by 20.3% in September 2025, reaching $5.5 billion, due to Washington’s imposition of 50% tariffs. This marks the fourth consecutive monthly decline, erasing over $3.3 billion in trade since May. Key sectors like textiles and gems and jewellery are severely impacted.