NITI Aayog's fourth Trade Watch Quarterly (Q4 FY25): total trade $441 billion; spotlight on leather and footwear
On 6 October 2025 in New Delhi, NITI Aayog CEO B.V.R. Subrahmanyam released the fourth edition of Trade Watch Quarterly for January–March 2025, reporting total trade of $441 billion and focusing on the leather and footwear sector.
Summary
On 6 October 2025 in New Delhi, NITI Aayog CEO B.V.R. Subrahmanyam released the fourth edition of Trade Watch Quarterly, covering Q4 of FY 2024-25 (January–March 2025). India's total trade in the quarter was $441 billion, up 2.2% year-on-year; merchandise exports contracted slightly on lower mineral fuels and organic chemicals, while electrical machinery, pharmaceuticals and cereals grew. This edition examines the leather and footwear sector, which employs 4.4 million people; India's share of the $296 billion global market is modest at 1.8%, and demand is shifting towards non-leather and sustainable products. Subrahmanyam said services exports, aerospace and high-value manufacturing are driving resilience.
Key facts
- Edition
- 4th Trade Watch Quarterly — Q4 FY25 (Jan–Mar 2025)
- Total trade
- $441 bn, +2.2% YoY
- Sector focus
- Leather and footwear — 4.4 million jobs
- Global share
- 1.8% of $296 bn market
- Released by
- B.V.R. Subrahmanyam, CEO NITI Aayog — 6 Oct 2025
Practice MCQs 2 questions
The fourth edition of NITI Aayog's Trade Watch Quarterly (Q4 FY25) carries a special focus on which sector?
Show answer
Correct answer: C — Leather and footwear
PIB: this edition examines the leather and footwear sector, highlighting its employment potential and export opportunities.
According to NITI Aayog's Trade Watch Quarterly (October 2025), India's share in the $296 billion global leather and footwear market is about:
Show answer
Correct answer: D — 1.8%
PIB: India's overall share in the $296 billion global market is modest at 1.8%; the sector employs 4.4 million people.