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EconomyPIB23 June 2026
NITI Aayog launches Eighth Edition of "Trade Watch Quarterly"
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📌 Summary:
- NITI Aayog released the 8th edition of "Trade Watch Quarterly" for Q4 FY2025-26 (Jan-Mar 2026)
- India's total merchandise + services trade grew 5.4% y-o-y to $1.84 trillion in FY2025-26 (exports +4.2%, imports +6.5%)
- Services trade was a key strength: services exports grew 9.0%; India was the world's 8th-largest services exporter in 2025, with services exports growing at a 10.3% CAGR (2015-2025), well above the global average
- Thematic focus — pharmaceuticals: global pharma + API demand ~$1.3 trillion (2025); India's pharma + API exports stood at $35.8 billion; report flags scope for higher value addition and market diversification
🎯 UPSC Relevance: GS3 Economy — external sector resilience, services-led trade and pharma competitiveness.
📝 Prelims Facts:
- "Trade Watch Quarterly" is published by NITI Aayog
- India was the world's 8th-largest services exporter in 2025
- FY2025-26 total trade: $1.84 trillion; pharma + API exports: $35.8 billion
🔑 Key Term: API (Active Pharmaceutical Ingredient) — the biologically active component of a drug; India is a major global supplier.
NITI AayogTrade Watch Quarterlyservices exportspharma
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