On December 4, 2024, NITI Aayog launched its latest publication, Trade Watch Quarterly, in a formal event held in New Delhi. The publication was unveiled by Vice Chairperson Suman Bery, in the presence of NITI Aayog Members Dr. V.K. Saraswat and Dr. Arvind Virmani, alongside CEO BVR Subrahmanyam and other senior officials. This initiative is aimed at providing a detailed and comprehensive analysis of India’s trade dynamics, with a focus on tracking key developments and identifying emerging opportunities in the trade landscape.

Niti Aayog Trade Watch Quaterly

The Trade Watch Quarterly is designed to be a periodic publication that offers valuable insights into India’s trade performance, presenting an in-depth view of both global demand-supply dynamics and sectoral developments. The first edition of the publication covers India’s trade performance during the first quarter of the financial year 2024, from April to June. According to the data, India’s total trade for the quarter stood at $576 billion, marking a growth of 5.45% compared to the same period in the previous year. Merchandise exports exhibited moderate growth during this period, although several crucial sectors, such as iron and steel, as well as natural and cultured pearls, saw declines. On the other hand, India’s imports were primarily driven by high-value commodities such as aircraft, spacecraft, mineral fuels, and vegetable oils. In contrast, services exports recorded a favourable surplus, which bolstered the overall trade performance.

Also Read :- Matir Kotha A Simple Digital Tool for Farmers

In his address, Vice Chairperson Suman Bery emphasized the importance of the publication in promoting informed decision-making and enhancing policy interventions. He underlined that the findings of Trade Watch Quarterly would help identify markets and sectors where India can strengthen its comparative advantage and contribute to the nation’s long-term sustainable trade growth. The publication is expected to be a critical tool for policymakers, business leaders, and researchers, helping them make strategic decisions based on evidence-based insights.

Dr. Arvind Virmani, in his remarks, congratulated the NITI Aayog team for developing such a thorough and insightful publication. He noted that it would prove invaluable for understanding India’s evolving trade landscape and guiding future policy actions. CEO BVR Subrahmanyam reiterated the significance of data-driven approaches in shaping India’s trade policy, stating that the publication’s quarterly updates would enable more effective and timely interventions.

Keywords

1. NITI Aayog
2. Trade Watch Quarterly
3. India trade performance
4. Trade insights
5. Evidence-based policymaking
6. India exports and imports

Be a part of Elets Collaborative Initiatives. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook , connect with us on LinkedIn and follow us on Twitter, Instagram.

"Exciting news! Elets technomedia is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!