India, June 24 -- India's total merchandise and services trade grew by 5.4 per cent year-on-year to reach $1.84 trillion in FY2025-26, driven by strong services exports and resilient external sector performance despite global uncertainties, according to NITI Aayog's latest Trade Watch Quarterly report. This growth highlights the significance of India's Trade in the global market.

Key Highlights India's total trade reached $1.84 trillion in FY26, up 5.4%. Services exports grew 9.1%, sustaining a strong trade surplus. India remained the world's 8th-largest services exporter in 2025. Pharmaceutical exports and APIs touched $35.8 billion, highlighting sector strength. India's total merchandise and services trade expanded by 5.4 per cent yea...