NITI Aayog Launches 5th Edition of ‘Trade Watch Quarterly’ ReportIn January 2026, Dr. Arvind Virmani, Member of National Institution for Transforming India (NITI) Aayog launched the 5th edition of ‘Trade Watch Quarterly (TWQ) for Quarter 1 (Q1:April-June, 2025) of Financial Year 2025-26 (FY26), in New Delhi, Delhi. The report provides a comprehensive and data-driven analysis of India’s trade performance in the context of evolving global economic conditions.
Key Highlights of Report:
Focus:The key focus of this latest edition was India’s automotive exports sector, examining international demand patterns, India’s export presence across vehicles and auto components, tariff structures and participation in global value chains.
Auto-Components Market: The global auto-components market reached USD 856 billion in 2024, growing at a 3% CAGR since 2015, while India’s exports nearly doubled from USD 8.2 billion to USD 16.9 billion, achieving a faster 7% Compound Annual Growth Rate (CAGR) over the same period.
Automotive Exports: Since 2015, India’s share of the global automotive import market has stayed around 1%, with exports growing at a CAGR of 3.5%, slightly below the global average of 3.9%.
Key Highlights of Report:
Focus:The key focus of this latest edition was India’s automotive exports sector, examining international demand patterns, India’s export presence across vehicles and auto components, tariff structures and participation in global value chains.
Auto-Components Market: The global auto-components market reached USD 856 billion in 2024, growing at a 3% CAGR since 2015, while India’s exports nearly doubled from USD 8.2 billion to USD 16.9 billion, achieving a faster 7% Compound Annual Growth Rate (CAGR) over the same period.
Automotive Exports: Since 2015, India’s share of the global automotive import market has stayed around 1%, with exports growing at a CAGR of 3.5%, slightly below the global average of 3.9%.
- The report highlighted that India, while performing well in certain automotive segments, contributes only ~USD 30 billion (1.4%) to the USD 2.2‑trillion global automotive import market in 2024, indicating significant scope to expand its share.
Goods and Services Trade: As per the report, the global trade in goods and services increased around 2.5% on quarterly basis during Q1FY26, driven mainly by developing economies and rising South-South trade, even as the United States of America (USA) trade weighed on the global average.
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- It further highlighted Goods trade increased from 2% to 2.5%, while service trade rebounded.
- The report also revealed that India’s goods and services exports and imports reached USD 209 billion and USD 230 billion, respectively in Q1FY26, each increasing by around 3-4% on an annual basis, registering a combined deficit of USD 21 billion.
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