3 weeks ago
India targets $1 trillion exports as shipments grow 15 percent
India wants to sell more of its goods and services to other countries.
Last year, India sold a record $863 billion worth of things to the rest of the world.
This year, India hopes to sell even more — $1 trillion worth.
In the first four months, India's exports grew by about 15%.
A minister named Piyush Goyal announced this at a big trade event.
India has also signed nine trade agreements with other countries.
These agreements give Indian businesses easier access to foreign markets.
The minister wants businesses to use more technology and follow fair and sustainable practices.
He believes India's economy could grow much bigger by the year 2047.
India aims to reach total exports of $1 trillion in the current financial year.
Exports grew by around 15% during the first four months of the financial year.
India achieved record exports of $863 billion last year, including $442 billion in merchandise and $421 billion in services.
India's exports have expanded by nearly 73% over the past six years.
Nine free trade agreements concluded in four years cover economies with a combined GDP of about $60 trillion.
- Who
- Piyush Goyal, India's Commerce and Industry Minister
- What
- Announced India's target of $1 trillion in total exports for the current financial year, citing 15% shipment growth in the first four months
- Where
- Bharatiya Vyapar Mahotsav 2026, a trade festival organized by the India Trade Promotion Organisation (ITPO) and the Confederation of All India Traders (CAIT)
- When
- On Wednesday, at the Bharatiya Vyapar Mahotsav 2026 event
- Why
- To strengthen India's position in global supply chains, widen market access through trade agreements, and help domestic businesses scale up for international markets
Key facts
- Export target
- $1 trillion for the current financial year
- Export growth (first 4 months)
- About 15%
- Previous year's exports
- $863 billion (record)
- Merchandise exports
- $442 billion
- Services exports
- $421 billion
- Export growth over six years
- Nearly 73%
- FTAs concluded in four years
- 9
- Combined GDP of FTA partner economies
- Around $60 trillion
Quotes
Piyush Goyal
India’s Commerce and Industry Minister
“"Taking 863 to one trillion is a big jump," he said”
thestatesman.com








