India’s Exports Rise 6% in September Despite Heavy US Tariffs

India’s Exports Rise 6% in September Despite Heavy US Tariffs

India’s goods exports grew by 6% in September, reaching $36.38 billion, up from $34.08 billion last year, despite high US tariffs, according to data from the Commerce and Industry Ministry.

Commerce Secretary Rajesh Agarwal said trade has faced disruptions this year, but India’s exports of goods and services have still grown in the first half of the financial year, with a lower trade deficit.

The growth comes even after the US imposed steep tariffs on India. On July 31, President Donald Trump announced 25% tariffs under the International Emergency Economic Powers Act, followed by another 25% penalty on August 6 for India’s imports of Russian oil, effective August 27.

India exports goods worth $87 billion to the US annually, and the Finance Ministry estimates the tariffs will impact 55% of these exports.

A CITI survey showed that one-third of textile exporters saw their turnover drop by over 50%, as many US buyers demanded discounts or cancelled orders. About 85% reported excess inventory, and two-thirds had to offer around 25% discounts to stay competitive.

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