Even as India’s goods exports to the United States registered a sharp fall of 12 per cent in September (year on year), the total exports registered a 6.74 per cent growth, buttressed by gains in the UAE and Chinese markets. However, a sharp surge in gold, silver and fertiliser imports widened the trade deficit to $31.15 billion, the highest in over a year, according to data released by the Commerce and Industry Ministry on Wednesday.

The data for September provides a first look at the impact of the 50 per cent US tariffs , which came into effect in full on August 27.

The data showed a 24.33 per cent surge in exports to the UAE, and a 34.18 per cent increase in exports to China. However, imports from the UAE and China also jumped by 16.35 per cent and 32.83 per cent, respectively.

Th

See Full Page