New Delhi, Nov. 4 -- India's exports to the United States fell 37.5 per cent between May and September 2025 - from USD 8.8 billion to USD 5.5 billion - according to a report by the Global Trade Research Initiative (GTRI).

The think tank attributed the decline to reduced shipments across key sectors including pharmaceuticals, smartphones, metals, and automobiles.

Pharmaceutical exports dropped 15.7 per cent from USD 745.6 million in May to USD 628.3 million in September. Industrial metals and auto parts, which face uniform tariffs across global suppliers, saw a 16.7 per cent fall from USD 0.6 billion to USD 0.5 billion, PTI reported.

GTRI Co-founder Ajay Srivastava noted that aluminium exports declined by 37 per cent, copper by 25 per c...