News

Trump tariff impact: India's exports to US down 28.5% in 5 months; key sectors battered

US import tariffs on Indian goods, doubling to 50%, have caused a sharp 28.5% drop in exports over five months. Labour-intensive sectors, including textiles and gems, faced the steepest declines, leading to significant revenue losses and job concerns. India's government is urged to expedite export promotion missions and negotiate tariff reductions with the US.