India’s goods exports to US up 14.5 pc in Oct.

India’s goods exports to the US rose for the first time in five months in October 2025, jumping 14.5% from September, even as Donald Trump’s steep tariffs remain in place. Exports to India’s largest foreign market had dropped sharply last month after 50% US tariffs on India, including a 25% penalty for buying Russian oil, kicked in on August 27. The improved data came as Indian state-run oil firms agreed to import more annual liquefied petroleum gas (LPG) from the US, and Trump exempted many farm goods from reciprocal tariffs that could benefit India. Trade deal negotiations between the two countries are underway, with an Indian official saying that key aspects of the deal were nearing closure. The jump in exports to the US came even as India’s overall goods exports fell 11.8% year-on-year in October, with 15 of its top 20 markets seeing a decline in bilateral trade, as per a report.

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