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U.S.-bound Indian exports rise despite tariffs
The Business Guardian
|December 27, 2025
Despite tariffs remaining in place, India's exports to the United States have shown a pickup since September, while sectors that were expected to be hit harder by tariffs have not under performed as sharply as those considered relatively insulated, according to a data-based report by DSP Mutual Fund.
The data shows that India's exports to the US declined from USD 8.8 billion in May 2025 to a low of USD 5.4 billion in September 2025. Since then, exports have recovered to USD 6.3 billion in October and further to USD 7.0 billion in November. However, the report noted that the data window is short, and it would be premature to call this a trend, but the improvement complicates the narrative that tariffs alone are driving the slo
This story is from the December 27, 2025 edition of The Business Guardian.
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