Niti Aayog Backs Lower Tariffs
News: NITI Aayog has called for strategic measures to strengthen India’s global competitiveness, including reducing tariffs and reorienting production toward high-demand segments such as passenger vehicles.
In its Trade Watch Quarterly (April–June 2025), the Aayog stressed the need to boost two-way trade, expand cross-border platform participation, and deepen integration into global value chains.
The report highlighted rising technology-intensive exports, strong services-led growth, and shifts in import composition.
A thematic focus on automotive exports identified opportunities to increase India’s share in the USD 2.2 trillion global auto market through better quality standards, certification systems, technology adoption, market diversification, and stronger forward linkages.
India’s Q1 FY26 trade remained stable at USD 439 billion, with services exports driving growth and a USD 48 billion surplus.
Source: The Economic Times
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