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flag U.S. tariffs caused India’s exports to drop 37.5% from May to September 2025, hurting key industries.

flag India’s exports to the U.S. fell 37.5% from May to September 2025, dropping to $5.5 billion, according to the Global Trade Research Initiative, driven by U.S. tariff hikes from 10% to 50% starting in April. flag Key sectors including smartphones, pharmaceuticals, gems and jewellery, and solar panels saw steep declines, with smartphone exports plunging 58%. flag Tariff-free exports dropped 47%, and labor-intensive industries lost 33% of their value. flag GTRI cited both tariffs and weaker U.S. demand, warning that without urgent government support like faster duty refunds and emergency credit, India risks losing market share to Vietnam, Mexico, and China.

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