According to the Global Trade Research Initiative (GTRI), Indian exports to the United States suffered a sharp 28.5% drop between May and October 2025. This significant decline, from $8.83 billion to $6.31 billion, is attributed directly to the rapid escalation of US tariffs, which rose from 10% to as high as 50% on key Indian goods. Labor-intensive sectors, including textiles, garments, and gems and jewelry, were hit the hardest, reinforcing the impact of aggressive trade protectionist measures on developing economies.
