India builds system to catch global trade winds

India is building a global trade data intelligence system that will offer real-time insights and early warnings of emerging stress points, two people aware of the matter said.

- Dhirendra Kumar & Rhik Kundu

The commerce ministry initiative called Global Trade Watch is modelled on similar efforts in the US, EU and China, and part ofa drive to fortify export strategy amid escalating trade volatility. The initiative will integrate inputs from various ministries and agencies to track sector-specific performance across goods and services. It will be accessible on the ministry's website and also published as a physical booklet every month.

Commerce secretary Sunil Barthwal confirmed that the initiative will be rolled out next month, but did not offer details. A ministry spokesperson didn’t respond to emailed queries.

“This marks a clear shift toward proactive and intelligent trade policymaking,” one of the two people cited earlier said. “The feature is built to enhance inter-ministerial coordination and provide policymakers with timely, actionable insights tai lored to their respective sectors,” the person added.