Current Context: NITI Aayog Member Arvind Virmani launched the second edition of the NITI Aayog Trade Watch Quarterly Report for Q2 (July–September) FY 2025 in New Delhi.
- Key Highlights
- Trade Growth:
- India’s total trade increased by 5.67% (April–September 2024) compared to the same period in 2023.
- Exports grew 5.23%, averaging $35.4 billion/month over six months.
- Imports rose 6.07%, averaging $57.8 billion/month, with an August surge.
- Textile Exports: India ranks 6th globally, with a focus on natural fibers like cotton and carpet threads.
- Significance: Provides a holistic trade analysis, including sectoral performance and emerging opportunities.