India is accelerating its global trade ambitions with a target of Rs. 96.30 lakh crore (US$ 1 trillion) in exports by FY27, according to Union Commerce and Industry Minister Mr. Piyush Goyal. Speaking at the launch of the Bharatiya Vyapar Mahotsav in New Delhi, the Minister emphasized that achieving the export milestone is central to the vision of Atmanirbhar Bharat and India’s long-term economic growth strategy. India recorded exports worth Rs. 75.94 lakh crore (US$ 863 billion) in FY 2025–26, registering nearly
5% growth despite global challenges such as geopolitical tensions and trade uncertainties. The government is strengthening Free Trade Agreements (FTAs) with nearly 38 developed countries to improve market access and boost Indian exports globally. The initiative also focuses on import substitution, domestic manufacturing, Swadeshi initiatives, startup participation, and improving trade infrastructure. Enhanced logistics, ease of doing business, and expanding export opportunities are expected to strengthen India’s competitiveness in global markets. Additionally, India’s services exports reached a record US$ 421.32 billion, while merchandise exports stood at US$ 441.78 billion, highlighting the country’s growing role in international trade and manufacturing.
Key Highlights
- FY27 Export Target:US$ 1 Trillion
- Five-Year Export Goal: US$ 2 Trillion
- FY 2025–26 Total Exports: US$ 863 Billion
- Export Growth: Nearly 5% year-on-year
- FTAs Planned: Agreements with nearly 38 developed countries
- Services Exports: US$ 421.32 Billion (record high)
- Merchandise Exports: US$ 441.78 Billion
- Government Focus Areas: Logistics, manufacturing, ease of doing business, and export ecosystem expansion
