US–India trade: India’s exports to US drop nearly 12% in September, imports rise 11.8%

India’s merchandise exports to the US plummeted 11.93% in September following a 50% tariff imposition, marking the first full month of impact. This decline, the steepest monthly fall this year, has severely affected sectors like textiles and gems, wiping out over $3.3 billion in shipment value since May.