India, Nov. 2 -- Talks for a trade deal are continuing between India and the US - President Donald Trump and PM Narendra Modi's bonhomie is also regularly on display - but real-world impact of the massive US tariffs at 50% continues to show at the same time.

India's exports to the American market fell for the fourth consecutive month, across sectors, seeing a 37.5% dip in the May-September 2025 period, according to an analysis by India-based trade think tank Global Trade Research Initiative (GTRI).

After a 10% rate was imposed at the beginning of the fiscal year, the tariffs hit a high in August: recahing 25% at the beginning, and then another 25%, as "penalty" for buying Russian oil despite its war with Ukraine, by the last week of tha...