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flag India’s trade deficit surged to $32.15 billion in September 2025, driven by rising imports amid U.S. tariffs.

flag India’s merchandise trade deficit hit $32.15 billion in September 2025, its highest in 11 months, fueled by a sharp rise in imports to $68.53 billion, outpacing exports that reached $36.38 billion. flag The widening gap followed U.S. tariff hikes, including a 50% duty on key Indian goods like textiles, shrimp, and gems, imposed under former President Donald Trump. flag Despite the trade barriers, exports to the U.S. rose over 13% in the first six months of the fiscal year. flag India also reported a $15.53 billion total goods and services trade surplus for September, driven by strong services exports. flag Ongoing U.S.-India trade talks aim to boost American energy and technology imports and address concerns over India’s continued Russian oil purchases.

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