India-US trade: Merchandise exports to Washington drop after Trump’s 50% tariff; shipments to other countries rise
India’s exports to the United States fell in September, while shipments to other countries surpassed past growth figures, according to Crisil’s October report. Merchandise exports to the US dropped 11.9% to $5.5 billion, reversing a 7% gain seen in August 2025. The decline would have been even sharper if exporters had not made shipments ahead…

