New Delhi, June 24 -- Government think tank NITI Aayog has released the eighth edition of its Trade Watch Quarterly for the January-March 2026 quarter, highlighting India's trade performance during FY 2025-26 and examining growth opportunities in the pharmaceutical sector.

The report noted that India's total merchandise and services trade expanded 5.4 per cent year-on-year to USD 1.84 trillion during FY 2025-26. Exports grew 4.2 per cent, while imports increased 6.5 per cent over the previous fiscal year.

India's services sector continued to support external trade growth, with services exports rising 9 per cent in the fourth quarter of FY 2025-26.

The report said India remained the world's eighth-largest services exporter in 2025, with...