New Delhi, June 23 India's total merchandise and services trade expanded by 5.4 per cent year-on-year during January–March in the financial year 2025-26 to reach $1.84 trillion, reflecting a stable performance despite the uncertainties in global markets, according to NITI Aayog’s latest “Trade Watch Quarterly” released on Tuesday. Ashok Kumar Lahiri, Vice-Chairman, NITI Aayog, released the report in New Delhi, in the presence of the CEO, NITI Aayog and other senior officials.India’s trade performance in Q4 FY’2025–26 underscored the continued resilience of the external sector, supported by robust growth in services trade. While merchandise exports moderated and imports increased, the...