NITI Aayog Releases ‘Trade Watch Quarterly’

On 20th April 2026, NITI Aayog released the 7th edition of ‘Trade Watch Quarterly’ for Quarter 3 of FY26 (October-December 2025) in New Delhi.

Key Points

It provides an assessment of global and domestic trade trends amid ongoing geopolitical and economic uncertainties.
India’s merchandise exports grew modestly by 1.6%, while imports rose by 7.9% during the quarter.
•Services exports showed strong growth of 7.8%, maintaining a surplus in the external trade balance.
The report focuses on the gems and jewellery sector, a key labour-intensive export industry.
India holds a 7.8% share in global exports in this sector, with Surat as a major global hub for diamond processing.
Key export markets include the US, UAE, and Hong Kong, highlighting market concentration.
Challenges include limited value addition, dependence on imports, credit gaps, and skill shortages.
The report emphasises diversification, value addition, and integration into global value chains to boost competitiveness.