India on track for $1 trillion exports by FY27: Goyal
In short
Commerce Minister Piyush Goyal said India is on track to reach a $1 trillion goods and services export target in FY27.
He said India has already logged nearly $480 billion in exports in April-September, and that trade deals could help car and mobility makers grow.
What the reporting says
Commerce Minister Piyush Goyal said India is on track to achieve its $1 trillion goods and services export target in FY27, with nearly $480 billion already recorded in April-September. He pointed to free trade agreements, including the proposed India-EU pact, as an opportunity for the automobile and mobility sectors. Goyal also urged manufacturers to expand globally, improve competitiveness and use international partnerships to support exports, investment and jobs.
Why it matters
Commerce Minister Piyush Goyal said India is on track to hit a $1 trillion goods and services export target in FY27 after nearly $480 billion in exports during April-September. He linked the outlook to free trade agreements, especially the proposed India-EU pact, and said automobile and mobility companies could benefit. The remarks also tied export growth to higher investment and employment if manufacturers expand globally and stay competitive.