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India’s exports to the US slid across sectors for the fourth consecutive month, driving a 37.5 per cent decline during May-September 2025, according to an analysis by India-based trade think tank Global Trade Research Initiative (GTRI).

India’s exports to its largest market, the United States, are reeling under the weight of steep US tariff hikes.

Between May and September 2025, exports plunged by 37.5 per cent, from USD 8.8 billion to USD 5.5 billion, marking one of the sharpest short-term collapses in years, GTRI said in a note Sunday.

The GTRI analysis compared export performance between May and September 2025 to assess the immediate fallout of US tariffs imposed from April 2 onward.

These duties began at 10 per cent, rose to 25 per cent on August 7, and reached 50 per

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