Exports to US fall

New Delhi, Nov 29: Due to high 50 per cent US tariffs effective August 27 begin to weigh on Indian goods exports, several product categories such as shrimps, gems and jewellery, auto components and electric machinery have managed to redirect some of that output into other Asian and European markets. 

Analysis of data released by the Commerce and Industry Ministry showed that while gems and jewellery exports to the US plummeted 76 per cent in September compared with last year, total gems and jewellery exports registered only a marginal 1.5 per cent dip. 

Shipments to the United Arab Emirates jumped 79 per cent, to Hong Kong 11 per cent and Belgium 8 per cent, the data showed.