Back to today’s briefing

Story perspectives

India's Exports to U.S. Plunge 28.5% Amid Tariffs

11/30/2025

30 3 Full Breakdown

Summary

Story summary

India’s exports to the United States declined 28.5% from May to October 2025, falling from $8.83 billion to $6.31 billion as tariffs rose to 50%.
Labour-intensive sectors, including textiles and gems, were hit hardest with a 31.2% decline, and October showed some recovery.
The Global Trade Research Initiative (GTRI) urges the Indian government to accelerate the Export Promotion Mission and diversify trade partnerships beyond the United States.

History

Historical Context

The North American Free Trade Agreement (NAFTA), implemented on January 1, 1994, aimed to eliminate trade barriers among the U.S., Canada, and Mexico, resulting in a 20% increase in trade. While it benefited overall trade dynamics, it also led to job losses in certain sectors, prompting ongoing discussions about the need for countries like India to diversify trade partnerships amid shifting global trade landscapes.

1 of 2

Story summary

India’s exports to the United States declined 28.5% from May to October 2025, falling from $8.83 billion to $6.31 billion as tariffs rose to 50%.
Labour-intensive sectors, including textiles and gems, were hit hardest with a 31.2% decline, and October showed some recovery.
The Global Trade Research Initiative (GTRI) urges the Indian government to accelerate the Export Promotion Mission and diversify trade partnerships beyond the United States.

1 / 2