USD 1 Trillion Exports: Goyal Confident of Target in Current Fiscal
Why in the news
On 8 October 2026, Commerce and Industry Minister Piyush Goyal said India is on course to hit USD 1 trillion in goods and services exports in the current fiscal year, citing the first-half numbers.
Key facts
- Target: USD 1 trillion in combined goods and services exports in 2026-27, described by Goyal as a goal of significant export growth.
- Record base: exports touched an all-time high of USD 863 billion in 2025-26.
- Free trade agreements: India has finalised 9 FTAs, which the minister said will create big opportunities for exporters, including in agricultural and marine products.
- FTA utilisation cells: Goyal asked the industry body CII to set up such cells in states so businesses can use the trade pacts.
- Global headwinds: he said exports are growing despite them, remarking that while the world builds walls, India builds bridges.
- Venue of remarks: curtain-raiser of the CII Partnership Summit, to be held in Visakhapatnam on 12-13 November.
Data at a glance
| Item | Figure |
|---|---|
| Exports 2025-26 (record) | USD 863 billion |
| Target for current fiscal | USD 1 trillion |
| FTAs finalised | 9 |
About the CII Partnership Summit
The summit is organised by the Confederation of Indian Industry (CII). The upcoming edition is scheduled at Visakhapatnam in Andhra Pradesh on 12-13 November.
Exam angle
- Remember the record export figure of USD 863 billion for 2025-26.
- The USD 1 trillion target covers both goods and services.
- Number of FTAs finalised by India: 9.
- Host city of the CII Partnership Summit: Visakhapatnam.