NITI Aayog released the fourth edition of Trade Watch Quarterly, analysing India’s Q4 FY25 trade and sectoral shifts.
NITI Aayog CEO B.V.R. Subrahmanyam launched the fourth edition of Trade Watch Quarterly for Q4 FY2024-25 on October 6, 2025, in New Delhi. The report presents a detailed analysis of India’s trade performance, covering trends in merchandise and services, regional patterns, and opportunities for export diversification.
During the January–March 2025 quarter, India’s total trade reached $441 billion, marking a 2.2% annual increase. Merchandise exports saw a slight dip due to weaker performance in mineral fuels and organic chemicals, while electrical machinery, pharmaceuticals, and cereals recorded strong growth. Imports rose marginally, driven by higher demand for electronics and chemicals. North America led export growth, expanding by 25% and contributing one-fourth of India’s exports.
This edition also focuses on the leather and footwear sector, which employs 4.4 million people. Despite its 1.8% global share, the sector offers scope in sustainable and design-led exports. Subrahmanyam emphasised India’s need to strengthen MSMEs, invest in R&D, and diversify exports amid evolving global demand.
Access report here: https://niti.gov.in/sites/default/files/2025-10/Trade_Watch_Report_Q4_FY25_V4.pdf
Source: PIB
