New Delhi, Nov. 5 -- At a macro level, merchandise exports are holding up despite the stinging 50% tariff imposed by the US-India's largest trading partner. But a closer look at the numbers reveals growing concerns that could worsen without an immediate support package for affected exporters. Mint explains.

In September, the first full month after US President Donald Trump imposed the punitive 50% tariff on Indian goods, merchandise exports grew 6.7%, similar to the growth seen in August.

For the first six months of the current fiscal (April-September 2025), exports stood at $220 billion, compared to $214 billion in the same period last year. This resilience has been made possible largely through the diversification of export destinatio...