NITI Aayog Releases 8th Trade Watch Quarterly Reporting USD 1.84 Trillion Total Trade

Key facts

• NITI Aayog Vice-Chairman Shri Ashok Kumar Lahiri released the 8th edition of the Trade Watch Quarterly for the fourth quarter (January–March 2026) of FY2025-26 in New Delhi.
• India's total goods and services trade grew 5.4 per cent year-on-year during FY2025-26 to reach USD 1.84 trillion, with exports rising 4.2 per cent and imports 6.5 per cent.
• India retained its position as the world's eighth-largest services exporter in 2025, recording a 10.3 per cent Compound Annual Growth Rate (CAGR) in services exports between 2015 and 2025.
• The pharmaceutical sector exported USD 35.8 billion of products in 2025 against a global drug and Active Pharmaceutical Ingredient (API) demand of approximately USD 1.3 trillion.
• Telangana, Gujarat, and Maharashtra emerged as the leading pillars of the Indian pharmaceutical industry, which remains dependent on China for raw materials and intermediates.