– Vice-Chairman of NITI Aayog Ashok Kumar Lahiri released the latest edition of the ‘Trade Watch Quarterly’ publication for Q4 of FY 2025-26 in New Delhi.
According to NITI Aayog, India’s overall trade has shown resilience in FY 2026, growing 5.4% in Q4 to reach $1.84 trillion.
While merchandise exports moderated, declining 2.8%, services exports remained a bright spot, rising 9% and narrowing the gap with goods exports.
NITI Aayog has strongly advocated to push of Pharmaceutical exports. India’s think tank in its report has also advised the Government to take learning lesson from Iran-America conflict and the Strait of Hormuz crisis, by diversifying its exports basket.
“Both the COVID time, when there was disruption, and during the homeless crisis, we have noticed that you shouldn’t put all your eggs in one basket. You should diversify so that if there is a disruption in supply, you can supply or in the market for your goods. You have alternatives. So diversification is always a good policy,” Ashok Kumar Lahiri said.
(Image source: @NITIAayog)
