Tariff effect: Exports to US fall 20% in Sept

Impact of high US tariffs is likely to become more pronounced in the coming months, says commerce ministry

- PUSHPITA DEY New Delhi

INDIA'S merchandise trade deficit widened all-time high in 13 months to $32.15 billion in September, primarily due to the impact of US tariffs, fall in petroleum exports and sudden surge in the gold and silver imports.

The Department of Commerce cautioned that the impact of the US tariff will be even significant in the coming month. "Definitely, the impact will be there on the industry. So how much of this sector I think we need to wait for a very commodity level data for the month of September before arriving at any kind of choice.