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Goyal meets exporters to discuss ways to boost outbound shipments, fully utilise benefits of FTAs
Jun-25-2026

Commerce and Industry Minister Piyush Goyal has met exporters and industry representatives to discuss ways to boost outbound shipments and fully utilise the benefits of free trade agreements (FTAs). The deliberations focused on strengthening support for MSMEs, maximise opportunities through FTAs, foster innovation and deep-tech capabilities, improve export facilitation, and expand India's role in global value chains.    

Representatives from various Export Promotion Councils (EPCs) and industry associations attended the meeting, which reviewed strategies to strengthen India’s export ecosystem, diversify markets, and improve global trade competitiveness. Several EPCs presented their sector-specific export performance and KPI (key performance indicator) progress. The ministry's arm, the Directorate General of Foreign Trade (DGFT), has identified four KPI pillars - export performance, market diversification, exporter ecosystem, and policy facilitation.   

India’s merchandise exports rose by 18.01 per cent to $45.20 billion in May 2026 as compared to $38.30 billion in May 2025, marking the highest export figure in six months. Trade deficit (difference between imports and exports) widened to $28.21 billion in May 2026 as compared to $21.88 billion in May last year, driven by a rise in imports of petroleum products amid a surge in crude oil prices. During April-May 2026-27, merchandise exports rose 16.09 per cent to $88.91 billion and imports jumped 15.14 per cent to $145.35 billion. Merchandise trade deficit during April-May 2026-27 was $56.44 billion as compared to $49.65 billion during April-May 2025-26. 


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