2026-03-03 06:03:41


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Tariff shock: Indian exports to US crash 28.5%; GTRI warns labour-heavy sectors hurt most

Indian exports to the US plummeted by 28.5% between May and October 2025 due to aggressive US tariff hikes, hitting labour-intensive sectors hardest. Shipments dropped significantly as duties surged, making Indian goods heavily taxed compared to competitors. Delays in operationalizing export promotion schemes are further hindering recovery efforts.

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