September marks first full month of 50% US tariffs; India’s exports could decline further

India’s exports to the U.S. are declining, exacerbated by new 50% tariffs on key products, with September marking the first full month of impact. While tariffed exports are falling as anticipated, tariff-free exports like smartphones and pharmaceuticals are experiencing unexpected sharp contractions. Industry bodies are urging the Indian government for support measures to mitigate the impact.

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