NITI Aayog's seventh Trade Watch Quarterly focuses on gems and jewellery; India holds 7.8% of world exports
NITI Aayog Vice-Chairman Suman Bery released the seventh edition of 'Trade Watch Quarterly', covering Q3 FY26 (October–December 2025), in New Delhi on 20 April 2026, with a thematic focus on gems and jewellery.
Summary
NITI Aayog Vice-Chairman Suman Bery released the seventh edition of 'Trade Watch Quarterly', covering the third quarter of FY26 (October–December 2025), in New Delhi on 20 April 2026. In Q3 FY26 India's merchandise exports grew 1.6% while imports rose 7.9%, and services exports grew 7.8%, keeping a services surplus. The edition's theme is the gems and jewellery sector: excluding raw gold, the global market was about $378 billion in 2024, and India's exports of $29.5 billion gave it a 7.8% share of world exports. India's strength lies in diamonds and precious-metal jewellery, with Surat described as the world's largest cutting and polishing hub, and exports concentrated in the United States, UAE and Hong Kong.
Key facts
- Edition
- 7th Trade Watch Quarterly, Q3 FY26 (Oct–Dec 2025)
- Released by
- NITI Aayog VC Suman Bery, 20 April 2026
- Q3 FY26
- Merchandise exports +1.6%, imports +7.9%; services exports +7.8%
- Theme
- Gems and jewellery
- India's share
- $29.5 bn exports; 7.8% of world exports (2024, excl. raw gold)
- Hub
- Surat — world's largest cutting and polishing hub
Practice MCQs 2 questions
The thematic focus of the seventh edition of NITI Aayog's 'Trade Watch Quarterly' (released April 2026) was:
Show answer
Correct answer: B — Gems and jewellery
The Q3 FY26 edition's thematic section focuses on India's gems and jewellery sector.
According to NITI Aayog's Trade Watch Quarterly, India's share of world gems and jewellery exports (excluding raw gold) in 2024 was about:
Show answer
Correct answer: A — 7.8%
India's exports of $29.5 billion accounted for a 7.8% share of world exports in a market of about $378 billion.