{"id":15669,"date":"2026-05-13T19:29:38","date_gmt":"2026-05-13T19:29:38","guid":{"rendered":"https:\/\/saharanews.in\/2026\/05\/13\/india-targets-1-trillion-exports-in-fy27-as-piyush-goyal-bets-on-ftas-global-demand\/"},"modified":"2026-05-13T19:29:38","modified_gmt":"2026-05-13T19:29:38","slug":"india-targets-1-trillion-exports-in-fy27-as-piyush-goyal-bets-on-ftas-global-demand","status":"publish","type":"post","link":"https:\/\/saharanews.in\/?p=15669","title":{"rendered":"India targets $1 trillion exports in FY27 as Piyush Goyal bets on FTAs, global demand"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-131072555,imgsize-531040,width-400,height-225,resizemode-4\/-.jpg\" alt=\"India targets $1 trillion exports in FY27 as Piyush Goyal bets on FTAs, global demand\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>Commerce and Industry minister <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/piyush-goyal\" styleobj=\"[object Object]\" class=\"\" commonstate=\"[object Object]\" frmappuse=\"1\">Piyush Goyal<\/a> on Wednesday asked exporters to target $1 trillion in goods and services exports in the current financial year, after India recorded an all-time high outbound shipment value of $863.11 billion in 2025-26, PTI reported.<span class=\"id-r-component br\" data-pos=\"4\"\/>\u201cThis year, let&#8217;s aspire for a $1 trillion exports target. It&#8217;s possible,\u201d Goyal said at an event in the national capital.<span class=\"id-r-component br\" data-pos=\"6\"\/>According to PTI, India\u2019s overall exports rose 4.6 per cent in FY26 despite global uncertainties, including high US tariffs, the Russia-Ukraine conflict and the West Asia crisis.<span class=\"id-r-component br\" data-pos=\"8\"\/>Merchandise exports increased 0.93 per cent to $441.78 billion in 2025-26 from $437.70 billion in the previous fiscal, while services exports surged to a record $421.32 billion from $387.55 billion registering an 8.71 per cent growth.<span class=\"id-r-component br\" data-pos=\"12\"\/>The minister said achieving the $1 trillion milestone would require an additional $137 billion in exports, translating into a growth rate of around 16-17 per cent.<span class=\"id-r-component br\" data-pos=\"14\"\/>Goyal said India is expanding market access for domestic goods and services through a series of free trade agreements (FTAs).<span class=\"id-r-component br\" data-pos=\"16\"\/>India has concluded nine trade agreements since 2021, including those with Mauritius, the UAE, Australia, Oman, New Zealand, the European Union, the UK and the European Free Trade Association (EFTA) bloc. A framework for an interim trade agreement with the US has also been finalised.<span class=\"id-r-component br\" data-pos=\"20\"\/>\u201cFour of which (FTAs) are already operational and another 5 will be operational in the next 12 months,\u201d Goyal said.<span class=\"id-r-component br\" data-pos=\"22\"\/>Trade agreements with Mauritius, the UAE, Australia and the EFTA bloc are currently operational.<span class=\"id-r-component br\" data-pos=\"24\"\/>The minister added that India is also negotiating FTAs with several other countries and regions, including Chile, Maldives, Canada, Israel, the Gulf Cooperation Council (GCC), the Eurasian Economic Union (EAEU), Mexico and the Southern African Customs Union (SACU).<span class=\"id-r-component br\" data-pos=\"27\"\/>\u201cWe are trying to expand the Mercosur preferential trade agreement (PTA) to a much more robust trading arrangement,\u201d he said.<span class=\"id-r-component br\" data-pos=\"29\"\/>Goyal said the global business community is increasingly looking to engage with India because of its large domestic market and skilled workforce.<span class=\"id-r-component br\" data-pos=\"31\"\/>The commerce ministry also held a virtual meeting with over 1,100 participants, including industry bodies, on Wednesday to improve awareness and utilisation of benefits under FTAs, especially among small and micro enterprises.<span class=\"id-r-component br\" data-pos=\"33\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/business\/india-business\/india-targets-1-trillion-exports-in-fy27-as-piyush-goyal-bets-on-ftas-global-demand\/articleshow\/131072480.cms\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Commerce and Industry minister Piyush Goyal on Wednesday asked exporters to target $1 trillion in goods and services exports in the current financial year, after India recorded an all-time high outbound shipment value of $863.11 billion in 2025-26, PTI reported.\u201cThis year, let&#8217;s aspire for a $1 trillion exports target. It&#8217;s possible,\u201d Goyal said at an&#8230;<\/p>\n","protected":false},"author":1,"featured_media":15670,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-15669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/posts\/15669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15669"}],"version-history":[{"count":0,"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/posts\/15669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=\/wp\/v2\/media\/15670"}],"wp:attachment":[{"href":"https:\/\/saharanews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/saharanews.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}