New Delhi, Sept. 16 -- The Union government's latest provisional trade data provides an early glimpse into the impact of the US's 25% tariffs on Indian goods from 7 August and the additional punitive levy 25% effective 27 August. While overall exports held up in August, shipments to the US-India's biggest trading partner-witnessed a sharp slowdown.
This is just the beginning, say economists, with the full impact of the tariffs expected to kick in from September. Mint breaks down the latest trade numbers.
India's merchandise exports grew 6.7% year-on-year to $35.1 billion in August. While this paints a healthy picture against a tough trade environment, a closer look reveals some weakness. First, the year-on-year growth number is aided by...
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