Goyal expresses confidence of achieving USD 1 tr exports target

(File pic)

Commerce and Industry Minister Piyush Goyal on Thursday expressed confidence that India would achieve USD 1 trillion in exports of goods and services during the current fiscal.

In 2025-26, the country’s exports touched an all-time high of USD 863 billion.

“We have set a (target of) big growth in exports…we are looking at USD one trillion exports…and I am confident after looking at the first half numbers, that we will achieve this,” Goyal said here at the curtain-raiser event for CII’s Partnership Summit, which will be held in Vishakhapatnam on November 12-13.

He said that exports are growing despite global challenges.

“The world is building walls and India is building bridges,” he said, adding that the 9 free trade agreements finalised by India will provide huge business opportunities for exporters.

The minister suggested industry chamber CII to set up FTA utilisation cells in states.

He added that the trade pacts provide export opportunities for agriculture as well as marine goods.

(PTI)

RELATED ARTICLES

2 hours ago | $6.3 billion heist

Binance sees outflows stabilising as exchange returns online after $6.3 billion heist

Binance customers pulled $3.64 billion, or 2.1% of its assets, as the world's biggest cryptocurrency exchange resumed service after a security breach linked to North Korea saw $6.3 billion stolen from the platform last week. The exchange moved to re...

2 hours ago | 1 pc higher despite mixed global cues

Indian equity markets open up to 1 pc higher despite mixed global cues

Indian equity benchmarks opened strong on Monday, surging about 1 per cent each despite mixed global cues amid buying in energy, auto and information technology (IT) sector stocks. At open, Sensex was up 718.71 points or 0.97 per cent at 75,178.24,...

3 hours ago | 2nd-highest level of Rs 2.31 lakh cr

GST mop-up surges 23 pc to 2nd-highest level of Rs 2.31 lakh cr in Oct on festive demand boost

GST collections jumped 23 per cent year-on-year to the second-highest level of over Rs 2.31 lakh crore in October as festive buying boosted domestic demand, according to government data released on Sunday. October is the second consecutive month whe...