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India’s export sector falters under global headwinds and tariff uncertainty
The slump is coupled with ongoing trade negotiations and discussions on steel safeguard duties.
Representative Image of Port / Pexels
India's export sector is facing mounting pressure, with shipments declining for the fourth consecutive month in February, as global trade uncertainties and the spectre of new US tariffs loom. The slump, coupled with ongoing trade negotiations and discussions on steel safeguard duties, underscores the complex challenges facing India's economy.
February's exports fell to $36.91 billion, an 11% year-on-year drop, driven by volatile petroleum prices and subdued global demand, according to Commerce Ministry data. The decline comes as President Trump's administration pushes for reciprocal tariffs, creating a volatile trade environment.
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