US Tariff Jolt Now, But State's Exports on a Fall for 4 Years

Amid the changing geopolitical situation, the export performance of Odisha has been on a downward spiral even before the US imposed a 50 per cent (pc) tariff on goods from India this week.

- Hemant Kumar Rout @ Bhubaneswar

The state, which was among the country's fastest-growing export hubs a few years back, has been witnessing shipments slide from $17 billion in 2021-22 to just $10 billion in 2024-25, registering a staggering fall of over 40 per cent in four years.

As per the Ministry of Commerce statistics, exports from Odisha that had surged from $10.23 billion in 2020-21 to $17.06 billion in 2021-22 post-Covid, slumped to $11.22 billion in 2022-23 and $11.93 billion in 2023-24. However, states like Telangana, Tamil Nadu, Karnataka, West Bengal, Uttar Pradesh and Andhra Pradesh consistently performed well in 2024-25 as compared to 2023-24.