According to data by the Ministry of Commerce and Industry (MoCI), the total exports of India (merchandise and services) grew by 13.31% year-on-year (y-o-y) to $80.14 billion in July 2026. The total imports of the nation increased by 15.83% to $95.16 billion during the same period.
The total trade deficit for July 2026 was recorded at $15.03 billion, which is an increase from the $11.43 billion deficit registered in July 2025.
The NITI Aayog has released the third report under its Services Thematic series, titled “India’s Services Sector: Insights on Regulatory Regime in Professional Services”.
According to the report, professional services account for 25% (nearly one-fourth) of the total services exports of India. The report proposes a four-pronged strategy to enhance the sector, which includes harnessing emerging trends, elevating professional services in the wider value chain, adopting global best practices, and promoting continuous professional development.
Union Minister Piyush Goyal has announced the formation of a task force to support the toy sector, with the aim of achieving a 5% share in the global toy market by 2032.
The announcement was made during the 'Team Up for Toys: Driving SCALE, Innovation and Exports' stakeholder meet, organised by the Department for Promotion of Industry and Internal Trade (DPIIT) at Vanijya Bhawan, New Delhi.
According to the trade data released by the Ministry of Commerce and Industry (MoC&I) for the first quarter (Q1) of FY27, India's total exports were valued at $232.73 billion, while total imports were estimated at $270.15 billion.
LEXI Money IFSC Pvt Ltd (LEXI), an AI-powered trade and payments platform, has received in-principle approval from the International Financial Services Centres Authority (IFSCA).
This approval authorizes the platform to operate as a Payment Service Provider (PSP) at the Gujarat International Finance Tec-City International Financial Services Centre (GIFT-IFSC) in Gandhinagar, Gujarat.
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"The memorising technique in the Scoreclever automatically stores the news in my mind and it saves time."
"It is very helpful platform to study current affairs. It has memory technique which saves lots of time during preparartion."
"Came across Editorial Vocabulary podcast video accidentally and really loved the idea. Its really useful for my preparation."
"Wonderful session. Thank you so much and really hats off to you for making current affairs and editorial an easy one."
"This is one the best app for Current Affairs. The content is cut and short whichever is required and is easy to remember with flashcards."
"Thx to daily quizzes. It played a big role in revisions. April 2024 - April 2025 I missed quizzes 3 or 4 days only. It's that interesting."
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