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India on track to achieve $1 trillion exports target in FY27 despite geopolitical uncertainties: Goyal
Oct-30-2026

Commerce and Industry Minister Piyush Goyal has expressed confidence that India is on track to achieve its ambitious $1 trillion exports target in the current financial year (FY27), despite geopolitical uncertainties and disruptions to global trade arising from the West Asia crisis and the Russia-Ukraine conflict. 

The minister also said that the nine free trade agreements (FTAs) finalised by India over the past five years would provide preferential market access for domestic goods to economies with a combined GDP of $60 trillion.  He said 'in 2025-26, India's goods and services touched an all-time high of $863 billion and this year, we have set a target ...we took the unholy risk, very very challenging target of attempting to go to USD one trillion of exports.’ He also said ‘aiming for a 15 per cent growth in exports this year... We will do, we can do.’ 

Meanwhile, India's merchandise exports during April-September FY27 increased 18.51 per cent year-on-year to $259.89 billion, while imports rose 16.31 per cent to $437.53 billion. Consequently, the merchandise trade deficit widened to $177.64 billion during the first half of FY27, compared with $156.88 billion in the corresponding period of the previous fiscal. The estimated value of services exports during April-September FY27 stood at $216.31 billion, up from $199.02 billion in the corresponding period of FY26. The country's combined goods and services exports are estimated at $476.2 billion during the first half of the current financial year.


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