India's Revenue from the US Market
An Overview of Trade, Revenue, and Recent Developments
Total Trade (2024)
$212.3 Billion
Goods and Services
Exports to US (2024)
$87.3 Billion
Goods
Trade Deficit with India (2024)
$45.8 Billion
U.S. Goods Trade
Revenue Breakdown by Sector (2024)
Impact of Recent US Tariffs (August 2025)
A significant recent development impacting India-US trade is the imposition of new tariffs by the United States. In August 2025, the US administration announced an additional 25% tariff on many Indian goods, bringing the total to 50%. This is in response to India's continued trade with Russia.
Key Impacts:
- Labor-intensive industries like textiles, leather, and marine products are particularly vulnerable.
- Economists project a potential decline of 30-40% in exports to the US if tariffs remain.
- Sectors like pharmaceuticals and certain electronics have been exempt from these tariffs so far.
Summary Table: Key Revenue Streams from the US (2024 Data)
| Sector | Estimated Export Value (2024) | Key Notes |
|---|---|---|
| Electrical & Electronic Equipment | $12.33 Billion | A leading and growing export category for India. |
| Gems & Jewelry | $9.15 Billion | A traditional stronghold of Indian exports to the US. |
| Pharmaceuticals | $8.72 Billion | The US is a critical market for India's generic drug industry. |
| Machinery & Nuclear Reactors | $6.48 Billion | Reflects India's increasing manufacturing capabilities. |
| Apparel & Textiles | ~$8.00 Billion | A significant employer and a major export earner. |
| IT & Other Services | $41.6 Billion (Total Services Imports) | A major contributor to India's export earnings. |
