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India's Exports to US May Fall by $5.76 Billion This Year
Hindustan Times Jammu
|April 08, 2025
India's merchandise exports to the US from sectors such as marine items, gold, electrical, and electronics are expected to decline by $5.76 billion this year due to increased American duties, according to the data analysis of think tank GTRI.
NEW DELHI:
However, it added that India's competitive position in select product segments may help cushion some of the losses.
Sectors which can witness modest gains include textiles, made-up apparel, ceramic products, inorganic chemicals, and pharmaceuticals.
The US has announced an additional 26% duty on Indian goods barring pharma, semiconductors and certain energy goods from April 9. The 10% baseline tariffs are there from April 5-8.
"Using detailed trade data and tariff schedules, the analysis estimates that India could see a decline of $5.76 billion, or 6.41%, in exports to the US in 2025," Global Trade Research Initiative (GTRI) said.
In 2024, India exported $89.81 billion worth of goods to the US.
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