India’s Export Growth Holds Strong At 6.7% YoY, But US Tariff Curbs Cast A Shadow

India’s exports rose 6.7 per cent YoY despite global headwinds, but the US push to scrutinise import origins could hit machinery, electrical goods, and semiconductor exports.

New headwinds are emerging from the US levy of 40 per cent tariff on goods deemed to have been transshipped.

Source : Freepik

Even as Indian merchandise and overall exports log continued growth for September 2025, rising 6.7 per cent on-year to reach USD 36.4 billion in September, as well as for the first half of the financial year 2025–26, as a sign of resilience and adaptability amid a turbulent global landscape, there are fresh challenges. Reflecting the impact of the additional US tariffs, merchandise exports to the US grew -11.9 per cent on-year to USD 5.5 billion in September after growing by 7.1 per cent