- India’s goods exports to the US have remained relatively steady despite tariff pressures, but the resilience masks uneven effects across sectors.
- US tariffs have so far not caused a major disruption to India's goods exports to America, with shipments remaining broadly steady even as higher duties have raised costs for several exporters.
- An analysis of trade data shows that Indian goods imports into the US were worth nearly $99 billion between July 2024 and June 2025.
- Products such as electronics and pharmaceuticals, including generic drugs, were not covered by the initial tariffs imposed on India.
- Indian exporters have been adjusting to the tariff environment, with companies moving towards products and areas where tariff exposure is lower.
- Tariffs apply to goods, not services, providing India with another cushion in its broader trade relationship with the US.
- Shankar pointed to ongoing Section 301 investigations by the US and warned that further action could leave Indian exporters facing higher duties than competitors in other developing countries.
India's goods exports to the US have shown remarkable resilience despite ongoing tariff pressures, with trade data indicating exports valued at nearly $99 billion from July 2024 to June 2025.4
While the overall export figures remain steady, the impact of tariffs is uneven across different sectors. For instance, products like electronics and pharmaceuticals, including generic drugs, have largely escaped the initial tariffs imposed by the US, according to Meera Shankar, former Indian Ambassador to the US.5
Indian exporters are adapting to the changing tariff landscape, with many shifting focus to products and markets with lower tariff exposure, as noted by Anil Trigunayat, another former Ambassador.
The resilience of Indian exports is further supported by the fact that tariffs apply to goods, not services, providing an additional cushion in the broader trade relationship with the US.8
However, Shankar warns that India's current tariffs, set at MFN plus 10%, could lead to higher duties than those faced by competitors in other developing countries if further actions are taken.23910
The ongoing Section 301 investigations by the US could also pose future challenges for Indian exporters, emphasizing the need for diversification into other markets, such as the European Union, to mitigate risks.
“An analysis shows Indian goods imports into the US were worth nearly $99 billion between July 2024 and June 2025, indicating strong trade ties. Meera Shankar noted that ongoing Section 301 investigations by the US could lead to higher duties for Indian exporters compared to competitors in other developing countries.”
CNBC TV18
