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India Aims for USD 1 Trillion Exports in FY27 Despite Weak Global Trade: Piyush Goyal

  • India is targeting $1 trillion in exports this financial year, requiring about 16% growth while global trade is expected to grow by only 2.5% to 3%.
  • Piyush Goyal said India is on track to meet the target, citing 25% year-on-year growth in goods and services exports during April–August.
  • Goods and services exports reached $82.68 billion during April–August, while the overall trade deficit fell to $9.41 billion.
  • India expects economic growth of more than 7% this fiscal year, following the Reserve Bank of India’s forecast upgrade to 7.1%.
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India targets $100 billion in exports this fiscal year, despite global trade challenges, says Commerce Minister Piyush Goyal at industry summit.

·Kozhikode, India
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Moneycontrol broke the news in Mumbai, India on Thursday, October 8, 2026.
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