India-US trade: Merchandise exports to Washington drop after Trump's 50% tariff; shipments to other countries rise
Indian exports to the US saw a significant dip in September, a direct consequence of the recent tariff hikes. However, shipments to other global markets demonstrated robust growth, exceeding previous trends. Despite these mixed signals and a projected slowdown in global trade, India's current account deficit is anticipated to remain manageable, bolstered by strong services and remittances.
Indian exports to the US saw a significant dip in September, a direct consequence of the recent tariff hikes. However, shipments to other global markets demonstrated robust growth, exceeding previous trends. Despite these mixed signals and a projected slowdown in global trade, India's current account deficit is anticipated to remain manageable, bolstered by strong services and remittances.
