India's merchandise exports decreased 11.8% YoY since August 2024 to $34.38 billion in October, Crisil reported. This comes after US tariffs were raised to 50% on August 27 this year, which has suppressed shipments for the second consecutive month. Exports of petroleum products fell 10.4% YoY in October. After growing by 6.1% in September, core exports fell to 10.2%.