Whalesbook
India's merchandise exports dropped 11.8% year-on-year to $34.38 billion in October, following a 50% US tariff hike on August 27. This marks the second consecutive month of subdued exports, with key sectors like petroleum products, gems, jewellery, and core industries showing declines. Exports to the US fell 8.6%, though this is an improvement from September's steeper drop. Despite these export challenges, India's current account deficit is expected to remain manageable.