Exports decline due to high tariffs: GTRI

According to GTRI estimates, if the 50 per cent tariffs remain through the end of FY 2026, India could lose $30-35 billion in US exports, a major blow considering the US accounts for nearly 20 per cent of India's goods exports

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India’s exports to the US are falling as high tariffs imposed by the Trump administration have started eroding the price competitiveness of domestic goods in Washington, think tank GTRI said Wednesday.

August shipments to the US plunged to $6.7 billion, down 16.3 per cent from July -- the steepest monthly fall of 2025 -- as US duties doubled to 50 per cent by month's end, it said.

In July, exports dipped 3.6 per cent to $8 billion over June. The month of June had also seen a decline of 5.7 per cent to $8.3 billion over May.

May 2025 was the last month of growth, as shipments to the US rose 4.8 per cent over April to $8.8 billion. In April, exports to the US stood at $8.4 billion.