New Delhi, June 23 -- India's trade grew at a healthy 5.4 per cent in Q4FY26 despite a slowdown in merchandise exports on strong growth in services exports and widening services trade surplus, as per the Trade Watch Quarterly report released by NITI Aayog on Tuesday.

According to the report, India's merchandise trade showed mixed trends, with exports declining 2.8 per cent to USD 112.03 billion, while imports surged 12 per cent to USD 195 billion. However, India continued to maintain a strong services trade surplus of USD 60.4 billion, supported by a 9 per cent rise in services exports to USD 111 billion, compared with a 4.1 per cent increase in services imports to USD 50.7 billion.

India's "total trade grew at 5.4% in Q4, FY2026, reach...