The blow to India’s exports to the US from heightened tariffs has been softened by the growth in other markets helping to keep exports growing in September too, according to a report.

Reflecting the impact of the additional US tariffs , merchandise exports to the US grew -11.9% on-year to $5.5 billion in September after growing by 7.1% in August. Had it not been for the frontloading of shipments, the decline would have been steeper, a report by Crisil said.

“In contrast, exports to non-US markets grew 10.9% on-year, outpacing the 6.6% growth in August. This suggests that while the tariffs have dampened US-bound exports, India’s exports to other countries are bearing fruit,” the report added.

Anticipating the impact that the 50% tariffs by the US – the biggest market – will have on o

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