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India's exports to US up 16.9c pc, imports dip 5.76 pc in May
Economic Times
·
2m ago
Medial
India's merchandise exports to the US increased by 16.93% to $8.83 billion in May, while imports decreased by 5.76% to $3.62 billion, as per commerce ministry data. During April-May, exports rose by 21.78% to $17.25 billion, and imports increased by 25.8% to $8.87 billion. The US was India's second-largest trading partner in this period, with significant changes in trade volumes with China, UAE, and other countries.
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India's exports to US could decline by $5.76B this year due to high tariffs: GTRI
YourStory
·
4m ago
Medial
India's merchandise exports to the US may decline by $5.76 billion in 2025 due to increased US tariffs, impacting sectors like marine items, gold, and electronics, according to GTRI. The US imposed a 26% tariff on Indian goods, with exemptions for pharmaceuticals and certain energy products. High-value items remain subject to standard tariffs. India is expected to face significant export reductions, though its competitive position in some sectors may offer slight cushioning against these losses.
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US-China trade war sends India’s electronics imports soaring 27.5% in May, raises dumping risks
Business Today
·
2m ago
Medial
India's electronics imports surged by 27.5% in May, highlighting increased dumping risks amid the US-China trade war. Meanwhile, India's exports to the US grew significantly by 17.3% to $8.8 billion, with the rise largely driven by stronger smartphone exports. The escalating trade tensions have created shifts in global supply chains, offering India both challenges in managing imports and opportunities in increasing its export share to the US market.
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India’s trade gap narrows to $20.7 billion as cheaper oil, sluggish gold imports ease June deficit
Economic Times
·
1m ago
Medial
India's merchandise trade deficit narrowed to $20.7 billion in June 2025, down from $21.9 billion in May, due to declining crude prices, decreased gold imports, and a diversified sourcing strategy. Russian and US oil imports rose, while traditional suppliers decreased. India's petroleum product exports dropped by nearly 10%. Gold imports decreased due to soaring prices, while coal imports remained stable. Trade measures included anti-dumping duties and import restrictions. Future trade deficits depend on global commodity price trends.
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Donald Trump tariffs marginally favourable for Indian smartphone exports: Crisil
Economic Times
·
4m ago
Medial
US tariffs, particularly those initiated by President Donald Trump, may slightly benefit India's smartphone exports. While U.S. tariffs on Chinese imports stand at 245%, Indian exports face a lower tariff of 26%. This could make Indian-made smartphones more competitive, despite being priced higher than Chinese ones. However, such tariffs may increase U.S. inflation and push global manufacturers to seek markets with lower tariffs, potentially impacting India's export boost in the longer term.
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Indian fuel exports escape Trump's tariff net, no Russian penalty yet
Economic Times
·
28d ago
Medial
India's exports of petroleum products to the US remain exempt from Trump's proposed tariffs, maintaining a favorable trade position despite his concern over India's energy ties with Russia. The US administration hasn't indicated any penalty for India's Russian crude imports. Indian fuel exports, valued at over USD 4 billion in the 2024-25 fiscal year, remain unaffected. India's reliance on Russian oil has increased since the Ukraine conflict, supplying 35-40% of its crude imports.
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US tariff to hit iPhone production expansion, electronics exports
Economic Times
·
1m ago
Medial
US President Donald Trump's 25% tariff on Indian imports may hinder Apple's iPhone production expansion and electronics exports. The tariff, alongside Chinese restrictions on critical components, poses a challenge for India's electronics manufacturing sector, potentially impacting exports and increasing production costs. While Apple plans to grow its iPhone production in India, meeting US demand requires significant expansion. Experts emphasize the need for India to reduce dependencies and diversify its electronics export markets.
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US 50% tariffs hit India today: Which sectors will suffer the most?
Economic Times
·
3d ago
Medial
The US has imposed 50% tariffs on Indian imports, effective today, impacting mainly labour-intensive sectors. This move could significantly affect India's trade dynamics with the US, with a focus on how it stands against its competitors. Key concerns include evaluation of India's top exports and the broader economic implications for both countries. The tariffs may lead to increased challenges within affected sectors, altering trade relations and impacting economic strategies.
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Readymade garment industry growth to halve to 3-5 pc in FY26 on US tariff headwinds: Report
Economic Times
·
3d ago
Medial
India's readymade garment industry is projected to see a significant drop in revenue growth to 3-5% this fiscal year due to 50% tariffs by the US on Indian imports, effective from August 2025. Crisil Ratings reported that these tariffs could drastically cut exports to the US, a major market comprising a third of India's RMG exports. Meanwhile, the domestic market is expected to maintain steady growth, providing some relief.
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India's Russian oil imports dip in July, skips Latin American supply, data shows
Economic Times
·
10d ago
Medial
India's Russian oil imports decreased by 24.5% in July due to reduced discounts and seasonal demand decline during monsoon. This trend is likely to continue as state refiners switch to Middle Eastern and U.S. supplies. Despite this dip, Russia remains India's largest oil supplier. Private refiners took 60% of Russian imports. In July, Russia constituted 34% of India's imports, while purchases from Latin America paused, and U.S. imports rose by 58%.
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India's merchandise trade deficit at $19.37 bln in September
Reuters
·
1y ago
Medial
India's merchandise trade deficit in September was $19.37 billion, lower than expected, according to data released by the Indian government. The country's exports were $34.47 billion, while imports stood at $53.84 billion. Services exports and imports were also recorded, with services exports at $29.37 billion and imports at $14.91 billion in September.
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