NITI Aayog Releases 8th Edition of Trade Watch Quarterly Focus on Pharmaceutical Sector
Presented in the presence of NITI Aayog's Interim CEO, Nidhi Chhibber, the report primarily assesses India's pharmaceutical sector with a deep focus on Active Pharmaceutical Ingredients (APIs).
Key findings indicate that the global pharma market has reached USD 1.3 Trillion, with India's pharmaceutical contribution to national GDP scaling past 1.7%.
The report highlights that the pharma sector's share in manufacturing Gross Value Added (GVA) stands at 7.2%, proving its critical role as an industrial growth engine.
Overall, India's total trade for FY26 reached USD 1.84 Trillion, documenting a steady year-on-year trade growth rate of 5.4%.
Key Facts / Static GK
NITI Aayog Chairperson: Prime Minister of India
NITI Aayog Headquarters: New Delhi
Practice Quiz — 27 June 2026
Q1. Consider the following statements regarding the RBI's draft Master Directions on Term Money Markets: 1. Non-Banking Financial Companies (excluding Base Layer NBFCs) have a maximum borrowing limit of 200% of their Net Owned Funds (NOF). 2. Standalone Primary Dealers (SPDs) can borrow up to 400% of their NOF in the Call & Notice Money Market. 3. Transactions executed outside the NDS-CALL platform must be reported within 15 minutes. Which of the statements given above are correct?
Q2. Which bank has partnered with the AI-driven fintech platform jUMPP as its Payment Service Provider (PSP) bank for its UPI operations?
Q3. The AI-powered trade and payments platform LEXI Money has received in-principle approval to operate as a Payment Service Provider from which regulatory body?
Q4. The Rajolibanda Diversion Scheme (RDS) is an interstate irrigation project built across which river?
Q5. Under which international regulatory framework does the World Health Organization (WHO) declare a Public Health Emergency of International Concern (PHEIC)?
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