India’s exports of products and services could surpass $900 bn: Piyush Goyal

By Admin

13 Jun, 2025

In the face of persistent global disruptions and geopolitical challenges, India’s export sector continues to show remarkable resilience and growth. Commerce and Industry Minister Piyush Goyal has confidently projected that India’s total exports of goods and services are likely to exceed $900 billion in the financial year 2025–2026. This statement comes amid ongoing global crises including the Israel-Hamas conflict, the Russia-Ukraine war, and the Red Sea shipping disruptions each significantly impacting international trade routes and logistics.

All-Time High in 2024–2025

Despite these challenges, India achieved a historic milestone with exports hitting an all-time high of $825 billion in 2024–2025, up from $778 billion in 2023–2024. This growth underlines the strength and adaptability of Indian exporters and the proactive steps taken by the government to facilitate international trade.

Minister's Confidence Amidst Global Uncertainty

Speaking during an official visit to Stockholm, where he met his Swedish counterpart and key businesses, Mr. Goyal expressed optimism:

“With all of this global turmoil, we are sure to cross $900 billion this year, having crossed $825 billion last year.”

His remarks came while addressing a gathering of the Indian business delegation, reinforcing the government’s strategic focus on expanding India’s global trade footprint.

Road to $1 Trillion Exports

Backing this vision, the Federation of Indian Export Organisations (FIEO) has projected a more than 21% annual increase in total exports, estimating that India could reach the $1 trillion mark in 2025–2026. This target aligns with the government’s broader ambitions of strengthening India’s position in global trade and boosting economic growth through robust export performance.

Strengthening Global Partnerships

Mr. Goyal’s visit to Sweden underscores India’s commitment to forging stronger commercial ties with global partners, particularly in Europe. Enhancing bilateral trade and investment opportunities remains a key priority in India's economic diplomacy strategy.