India’s exports to US decline while non-US markets show growth: CRISIL

According to CRISIL, India’s merchandise exports to the United States shrank by 11.9% in September to approx US$ 5.5 billion, compared with a 7% growth in August. Meanwhile, exports to non-US markets rose 10.9%, up from 6.6% in August. The analysis cited the impact of new US tariffs and a broader global slowdown. Nevertheless, India’s current-account deficit is projected to remain within manageable limits (≈1% of GDP) thanks to strong services exports and remittance flows, and benefit partially from easing crude-oil costs.