India’s exports to the US rose 14.5% in October, marking the first increase in five months despite steep tariffs imposed by President Donald Trump.
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India’s Exports to US Rebound
The rebound followed a deal for Indian state-run oil firms to source 10% of annual LPG needs from the US and exemptions on farm goods like tea, coffee, and spices. Still, India’s overall exports fell 11.8% year-on-year, with shipments to the US down 28.4% since May.
Trade talks, stalled over India’s Russian oil imports, now appear close to resolution. Analysts say tariff-exempt sectors such as smartphones and pharmaceuticals likely drove October’s gains amid ongoing tensions.
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