ENA Sectors 2025-07-14 17:29:15 <p><span style="font-size:14px"><strong>New Delhi, Jul 14 (KNN)</strong> NITI Aayog Member Dr. Arvind Virmani launched the third edition of Trade Watch Quarterly for Q3 FY25 (October December 2024) in New Delhi on Monday.</span></p> <p><span style="font-size:14px">The publication offers a detailed overview of Indias trade performance and a thematic analysis of evolving US tariff structures and their impact on Indias exports.</span></p> <p><span style="font-size:14px">Indias trade performance in the third quarter of FY25 showed signs of resilience despite global uncertainties. Merchandise exports rose by 3 per cent to USD 108.7 billion, while imports increased by 6.5 per cent to USD 187.5 billion.</span></p> <p><span style="font-size:14px">However, a significant services trade surplus of USD 52.3 billion, driven by a 17 per cent rise in services exports, helped narrow the overall trade gap.</span></p> <p><span style="font-size:14px">Export composition remained largely stable, with notable growth in high-value segments like aircraft and spacecraft parts, which saw over 200 per cent year-on-year growth.</span></p> <p><span style="font-size:14px">India also maintained its position as the fifth-largest exporter of Digitally Delivered Services (DDS), with exports worth USD 269 billion in 2024. High-tech merchandise exports&mdash;led by electrical machinery and arms&mdash;have been growing at a CAGR of 10.6 per cent since 2014.</span></p> <p><span style="font-size:14px">The edition's thematic section focuses on the USs changing trade and tariff policies, highlighting how Indias relative tariff advantage over major competitors creates new opportunities in sectors like pharmaceuticals, textiles, and electrical machinery.</span></p> <p><span style="font-size:14px">Dr. Virmani praised the analytical depth of the report, noting that Indias expanding global trade role is a result of rising competitiveness, innovation, and strategic policymaking. He emphasised the need for adaptive policies to navigate ongoing geopolitical and economic transformations.</span></p> <p><span style="font-size:14px">The publication also provides key recommendations for enhancing trade facilitation and strengthening Indias global market participation.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 42805 https://knnindia.co.in/news/newsdetails/sectors/robust-services-exports-help-narrow-trade-gap-niti-aayog-trade-watch-qtly 2025-07-14 17:29:15 knnindia.co.in