New Delhi, Nov. 18 -- India's exports to the US showed signs of recovery in October after four straight months of decline, even as the broader export landscape remained subdued and the country's import bill ballooned due to a sharp rise in gold and silver shipments.
Trade data released by the ministry of commerce and industry on Monday showed India's merchandise exports to the US at $6.3 billion in October, up 14.5% from September, the first month-on-month increase since May despite Washington's 50% tariff on most Indian goods.
However, at $6.3 billion, this remains lower than the $6.9 billion recorded in October 2024, according to GTRI's co-founder Ajay Srivastava.
Otherwise, 15 of the top 20 export destinations registered year-on-yea...
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