{"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&#8217;s exports fall and trade deficit hits record high amid US tariffs; Textile sector badly hit"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-188273\" src=\"https:\/\/kmsnews.org\/kms\/assests\/2025\/11\/Screenshot-2025-11-18-203924.png\" alt=\"\" width=\"433\" height=\"235\" srcset=\"https:\/\/kmsnews.org\/kms\/assests\/2025\/11\/Screenshot-2025-11-18-203924.png 433w, https:\/\/kmsnews.org\/kms\/assests\/2025\/11\/Screenshot-2025-11-18-203924-390x212.png 390w\" sizes=\"auto, (max-width: 433px) 100vw, 433px\" \/>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<p>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<p>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<p>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<p>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<p>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":"<p>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 &hellip;<\/p>\n","protected":false},"author":3,"featured_media":188273,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-188272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-india"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/kmsnews.org\/kms\/assests\/2025\/11\/Screenshot-2025-11-18-203924.png","_links":{"self":[{"href":"https:\/\/kmsnews.org\/kms\/wp-json\/wp\/v2\/posts\/188272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kmsnews.org\/kms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kmsnews.org\/kms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kmsnews.org\/kms\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/kmsnews.org\/kms\/wp-json\/wp\/v2\/comments?post=188272"}],"version-history":[{"count":1,"href":"https:\/\/kmsnews.org\/kms\/wp-json\/wp\/v2\/posts\/188272\/revisions"}],"predecessor-version":[{"id":188274,"href":"https:\/\/kmsnews.org\/kms\/wp-json\/wp\/v2\/posts\/188272\/revisions\/188274"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kmsnews.org\/kms\/wp-json\/wp\/v2\/media\/188273"}],"wp:attachment":[{"href":"https:\/\/kmsnews.org\/kms\/wp-json\/wp\/v2\/media?parent=188272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kmsnews.org\/kms\/wp-json\/wp\/v2\/categories?post=188272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kmsnews.org\/kms\/wp-json\/wp\/v2\/tags?post=188272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}