NITI Aayog Launched “Trade Watch Quarterly” for Q1FY25 in New Delhi

Current Context: On December 4, 2024, the Vice Chairperson of NITI Aayog, Suman Bery, launched the Trade Watch Quarterly report for Q1FY25 in New Delhi.

• Key Details:
• Overview of Trade Performance: The report provides a comprehensive overview of India's trade performance for the first quarter of the financial year 2024-25 (April to June).
• Global Demand-Supply Perspectives: It includes insights into global demand and supply trends affecting India's trade.
• Sector-wise Performance: The report highlights the performance of key sectors, identifying areas of growth and challenges.
• Emerging Trade Opportunities: It identifies emerging trade opportunities for India, helping stakeholders to capitalize on new markets.
• Key Findings: The report reveals a 5.45% year-on-year growth in total trade, with merchandise exports increasing by 5.95% and imports by 8.40%.

Question:

1 According to the Trade Watch Quarterly report for Q1FY25, what was the year-on-year growth in total trade?

• A) 3.25%
• B) 5.45%
• C) 7.15%
• D) 8.40%

Answer: B) The report revealed a 5.45% year-on-year growth in total trade for the first quarter of FY25.