In a year defined by significant trade volatility, India’s exports to the United States have undergone a remarkable two-step transformation. The GTRI analysis highlights that total exports to the US fell 20.7%, dropping from $8.8 billion in May to $7.0 billion in November. GTRI Founder Ajay Srivastava noted that this recovery occurred even as the US maintained a steep 50% tariff on many Indian goods. "The drop between May and September likely reflected the shock and uncertainty created by impending tariff hikes," Srivastava explained. Fish and crustaceans exports dropped to $113.1 million in September before recovering to $143.7 million, still 36% lower than May.

Source: Indian Express December 21, 2025 17:39 UTC