NITI Aayog released the eighth edition of the Trade Watch Quarterly

¨     NITI Aayog released the eighth edition of the Trade Watch Quarterly on 23 June 2026 in New Delhi.

¨     The publication covers Quarter 4 (Q4) of FY 2025–26 (January–March 2026).

¨     It provides an assessment of global and domestic trade trends.

¨     Trade Watch Quarterly is a periodic publication of NITI Aayog.

¨     It tracks merchandise trade, services trade, and external sector developments.

¨     The eighth edition analyses India’s trade performance during Q4 FY 2025–26.

¨     The report includes a thematic focus on the pharmaceutical sector.

¨     India’s total merchandise and services trade grew by 5.4% year-on-year during January–March 2026.

¨     Total trade reached US$1.84 trillion during the period.

¨     Services exports increased by 9.0%, outpacing the growth in services imports.

¨     This helped maintain a services trade surplus during the quarter.

¨     The report identifies the pharmaceutical sector as a key contributor to India’s global competitiveness and health security.

¨     The pharmaceutical industry continues to be a major component of India’s export basket.