India’s smartphone exports to US down by 36% in last five months due to high tariffs: GTRI
New Delhi: India’s exports to its largest foreign market, the US, have suffered a sharp reversal due to aggressive tariff hikes, think tank GTRI said in a report on Saturday.
Between May and October 2025, shipments fell 28.5%, from $8.83 billion to $6.31 billion, it said.
The decline followed a rapid escalation in US duties that began at 10% on April 2, rose to 25% on August 7, and reached 50% by late August, making Indian goods among the most heavily taxed of any US trading partner, it added.
