13 February 2026·PIB

NITI Aayog launches sixth edition of “Trade Watch Quarterly”

In this note

1. At a Glance

Trade Watch Quarterly (TWQ) is NITI Aayog's flagship quarterly publication offering a data-driven snapshot of India's external sector and global trade flows [1].
The sixth edition (released 13 Feb 2026) covers Q2 FY 2025-26 (Jul-Sept 2025) and carries a thematic deep-dive on India's electronics trade [1][2].
Important for UPSC because it links GS-III (External Sector, Industrial Policy, PLI) with current macro-trends — services-led exports, "China+1", and India's place in Global Value Chains (GVCs) [1].

On 13 February 2026, NITI Aayog Vice-Chairman Suman Bery released the 6th edition of Trade Watch Quarterly in New Delhi, in presence of Member Arvind Virmani [1].
Q2 FY26 recorded ~8.5% growth in both services and merchandise exports, outpacing import growth [2].

TWQ launched in October 2024 as NITI Aayog's first quarterly publication on trade developments and policy opportunities [1].
Editions: 1st (Q1 FY25, Apr-Jun 2024) → 2nd → 3rd → 4th → 5th (Q1 FY26) → 6th (Q2 FY26) [1].
Sits within NITI's broader "evidence-based policy" mandate; complements DGCI&S monthly trade data and RBI BoP statistics.

Publisher: NITI Aayog (Trade & Commerce vertical) — not Ministry of Commerce or DGFT [1].
Released by: Suman Bery, Vice-Chairman; Member Arvind Virmani present [1].
Period covered: Q2 FY 2025-26 = July-September 2025 [1].
Thematic focus: India's electronics trade — mobile phones, consumer electronics, industrial electronics, components, GVC participation [1].
Key data: Services + merchandise exports grew ~8.5% in Q2 FY26; electronics ≈ half of India's online retail; India among top-6 global e-commerce markets [2].
NITI Aayog: Established 1 January 2015 by Union Cabinet Resolution (replaced Planning Commission); not a statutory/constitutional body.

Economic: Services continue to outperform goods globally; export-led momentum sustaining India's current account; electronics emerging as a strategic export pillar [1][2].
Geopolitical/Strategic: "Developing regions emerging as key drivers" of global trade — signals South-South trade shift; relevant to India's Indo-Pacific & Global South leadership [1].
Scientific/Technological: GVC integration in electronics tied to Semicon India, PLI for Large-Scale Electronics, and IT Hardware PLI 2.0 (MeitY).
Administrative: TWQ uses DGCI&S, RBI, WTO, UNCTAD datasets to feed evidence-based policy — example of NITI's "think-tank" role.

Trade Watch Quarterly is published by NITI Aayog (not Ministry of Commerce) [1].
Sixth edition released on 13 February 2026 for Q2 FY 25-26 [1].
Released by Suman Bery, Vice-Chairman, NITI Aayog [1].
Inaugural edition launched in October 2024 [1].
Thematic chapter of 6th edition: India's electronics trade [1].
Q2 FY26 export growth (goods + services): ~8.5% [2].
India among top-6 e-commerce markets globally; electronics ≈ 50% of online retail [2].
Global trade context: services outperforming goods; developing regions key drivers [1].
NITI Aayog formed by Cabinet Resolution, 1 Jan 2015 (non-statutory).
Arvind Virmani is a Member of NITI Aayog [1].

GS-III: Indian Economy — Effects of liberalization on the economy; External Sector; Industrial Policy (PLI).
GS-II: Government policies/interventions; role of think tanks.
Possible stems: 1. "Services-led export growth has emerged as India's structural strength. Examine in light of recent NITI Aayog assessments." 2. "Discuss India's positioning in global electronics value chains. What policy levers can deepen integration?" 3. "Evidence-based policymaking requires high-frequency trade analytics. Critically evaluate NITI Aayog's role."

PLI Scheme for Large-Scale Electronics Manufacturing — directly underpins thematic chapter.
Semicon India Programme (2021) — semiconductor ecosystem complementing electronics exports.
Foreign Trade Policy 2023 — operating framework for exports.
WTO MC-13 outcomes (Abu Dhabi, Feb 2024) — multilateral context.
India's FTAs (UK, EFTA TEPA, Oman) — market access angle.
Current Account Deficit & Balance of Payments — macro linkage.
NITI Aayog institutional architecture — Governing Council, Vice-Chairman.
Export Preparedness Index (EPI) — another NITI trade product.

Confusing publisher: TWQ is by NITI Aayog, NOT Ministry of Commerce / DGFT / DGCI&S.
TWQ ≠ Export Preparedness Index (also NITI) — different products.
Vice-Chairman Suman Bery is not the Chairperson (PM is ex-officio Chair).
NITI Aayog is non-statutory & non-constitutional — created by Cabinet Resolution, not an Act.
Q2 FY26 = Jul-Sept 2025, not Oct-Dec.