{"id":188272,"date":"2025-11-18T20:39:55","date_gmt":"2025-11-18T15:39:55","guid":{"rendered":"https:\/\/kmsnews.org\/kms\/?p=188272"},"modified":"2025-11-18T20:39:55","modified_gmt":"2025-11-18T15:39:55","slug":"indias-exports-fall-and-trade-deficit-hits-record-high-amid-us-tariffs-textile-sector-badly-hit","status":"publish","type":"post","link":"https:\/\/kmsnews.org\/kms\/2025\/11\/18\/indias-exports-fall-and-trade-deficit-hits-record-high-amid-us-tariffs-textile-sector-badly-hit.html","title":{"rendered":"India’s exports fall and trade deficit hits record high amid US tariffs; Textile sector badly hit"},"content":{"rendered":"

\"\"New Delhi: India\u2019s exports saw a sharp decline of 11.8% in October, dropping to $34.38 billion, owing to the high tariffs imposed by the United States. Alongside this, the trade deficit surged to a record high of $41.68 billion, mainly driven by a rise in gold imports.<\/p>\n

According to Kashmir Media Service, India\u2019s imports jumped 16.63% to an all-time high of U$76.06 billion due to high inbound shipments of the yellow metal, silver, cotton raw\/waste, fertiliser, and sulphur. This was revealed by Indian government data released recently.<\/p>\n

Earlier in September, the trade gap had increased to $31.15 billion which was also the highest in over a year. Crude oil imports too decreased to $14.8 billion in October from USD 18.9 billion when compared to the same month last year.<\/p>\n

Meanwhile, the 50% tariffs imposed on India by the US have started hurting textile and apparel exports. Almost all categories including cotton yarn, fabric, made ups, man-made fibres, jute products, carpets and handicrafts witnessed double-digit decline year-on-year (y-o-y) in October.<\/p>\n

As a result of the tariffs, textile exports decreased by 12.92% y-o-y last month while apparel exports fell by 12.88%, said the Confederation of Indian Textile Industries (CITI). Cumulative exports of textile and apparel also decreased by 12.91% when compared to October 2024.<\/p>\n

Garment and textile exporters said that US buyers are requesting for steep discounts in wake of tariffs, along with cancellation or postponement of orders and reduction in order volumes.<\/p>\n","protected":false},"excerpt":{"rendered":"

New Delhi: India\u2019s exports saw a sharp decline of 11.8% in October, dropping to $34.38 billion, owing to the high tariffs imposed by the United States. Alongside this, the trade deficit surged to a record high of $41.68 billion, mainly driven by a rise in gold imports. According to Kashmir Media Service, India\u2019s imports jumped …<\/p>\n","protected":false},"author":1,"featured_media":188273,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-188272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-india"],"yoast_head":"\nIndia's exports fall and trade deficit hits record high amid US tariffs; Textile sector badly hit > Kashmir Media Service<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kmsnews.org\/kms\/2025\/11\/18\/indias-exports-fall-and-trade-deficit-hits-record-high-amid-us-tariffs-textile-sector-badly-hit.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India's exports fall and trade deficit hits record high amid US tariffs; Textile sector badly hit > Kashmir Media Service\" \/>\n<meta property=\"og:description\" content=\"New Delhi: India\u2019s exports saw a sharp decline of 11.8% in October, dropping to $34.38 billion, owing to the high tariffs imposed by the United States. 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