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<\/a><\/p>\nAmerica under President Trump imposed a tariff of 50 % on India effective from August’25 .<\/p>\n
The initial reports of Indian exports in September ’25 suggest that while some sectors like textiles , jewellery have been hit but overall figures of exports reveal that India has survived the month of September with goods exports being $ 36 billion\u00a0 compared to 34 billions\u00a0 in September ’24. However the imports rose to $ 68 billions\u00a0 compared to 58 billions thus increasing the trade deficit by 30 % compared\u00a0 September’24 . However it is estimated that our total exports including services may remain virtually at same level of 67 billions. The crude oil imports bill increased by 12 % and refined petroleum products exports also\u00a0 declined by 12 % in this period. Exports of electronic goods increased by 6.7 percent but imports too increased by 16 % thus contributing to higher trade deficit .<\/p>\n The retail inflation dropped to 1.5%\u00a0 an eight year low thus saving the Indian population from abnormal increase in prices although reduced GST too contributed in keeping inflation in check.<\/p>\n The domestic consumer demand increased and festival season\u00a0 increased by about 7 percent in manufacturing , services and construction\u00a0 percent compared to last year . GST reduction helped in increasing the sale of cars by 5.8 percent compared to last year September but dropped by 7 % compared to Aug ’25 .<\/p>\n It can therefore be said that the government has saved the economy from any shock due to abnormal increase in US tariffs . In the long run however it needs to reach a good negotiated deal with US which may now be possible as US too will realise that India too has other options and is not solely dependent on USA.<\/p>\n","protected":false},"excerpt":{"rendered":" Indian Economy And Exports Survive The Abnormal American Sanctions In September’25 Rajiv Upadhyay America under… more <\/a><\/p>\n