The record
Written from the 1 report below. Nothing here is unsourced.
- Niti Aayog vice-chairman Ashok Lahiri called for further diversification of India's exports to sustain growth and soften external headwinds, launching the think-tank's June-quarter Trade Watch report.
- Tanzania and South Africa entered the top ten destinations for Indian products in the quarter, replacing Hong Kong and Saudi Arabia.
- India's goods exports rose 16% year-on-year to $129.5 billion in the quarter, while imports grew 19.8% to $216.1 billion, leaving a merchandise trade deficit of $86.6 billion.
- India became the world's fourth-largest exporter of digitally delivered services in 2025, overtaking Germany, with such exports reaching $317 billion.
- Lahiri also said in a personal opinion that businesses should bear some UPI transaction costs, and stressed energy source diversification as a lesson from the West Asia war.
What to watch next
- Whether export diversification into Africa and East Asia sustains in coming quarters
- Any official policy move on UPI transaction cost sharing after Lahiri's personal remarks
- Steps to reduce India's dependence on critical mineral imports like copper, nickel and cobalt
Who said what2
Only words found exactly in the article are shown, attributed and linked to the line they came from.
Ashok Lahiri
Niti Aayog vice-chairman
2 quotes · 1 outlet
“We shouldn't suffer from any export cynicism”
In the article
…Ashok Lahiri on Wednesday called for further diversification of India's exports, arguing that it’s key to sustaining the strong growth momentum in outbound shipments and softening the blow of external headwinds. “ We shouldn't suffer from any export cynicism ,” he said, launching the government think-tank's June-quarter Trade Watch report. An analysis of the data in the report suggests the country's diversification bid is showing early signs of success, with two African…
“the “user-pay” principle must kick in”
In the article
…need to bear some Unified Payments Interface (UPI) transaction costs. He called it his personal opinion, and not Niti Aayog's. He said the government can't subsidize everything and everyone, and at a certain point, the “user-pay” principle must kick in . The operation of the digital payment system involves costs, he said and asked who would bear it. He also underscored the need for energy source diversification, citing it as a lesson from the West Asia war. The…
Coverage1
All filed from India
Named India · Tanzania · South Africa · Hong Kong SAR China · Saudi Arabia · Germany · ASEAN · Hong Kong · ANI · Ashok Lahiri · NITI Aayog
The 1 report is listed beside the record.
Ask this story
Answers cite the reports above, or say they can't.