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India revises target to reach $2 trillion in goods and services exports to 2032: Goyal
Feb-01-2026

Commerce and Industry Minister Piyush Goyal has said that India has revised its ambitious target to reach $2 trillion in goods and services exports to 2032 from the previous goal of 2030, due to global uncertainties.  

He said the Covid-19 pandemic impacted the country's exports, followed by turbulence and volatility in the global trading order, and the volatility in global trading order now appears to be gradually settling down. He noted that India’s total goods and services exports have touched an all-time high of $824.9 billion in the financial year 2024-25, and it is expected to cross $850 billion in FY26. 

He added that the free trade agreements (FTAs), being finalised by India, will provide huge opportunities for domestic exporters. He said FTA is not only about trade in goods and services, these pacts provide stability, predictability, and clarity in engagement between two countries. He said that it gives opportunities for mobility and added that stability and predictability naturally attract investors towards a country.


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