India's USD 2 Trillion Export Target Shifted to 2032: Piyush Goyal
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News18•31-01-2026, 21:45
India's USD 2 Trillion Export Target Shifted to 2032: Piyush Goyal
- •Commerce and Industry Minister Piyush Goyal announced that India's USD 2 trillion goods and services export target is now expected by 2032, revised from the earlier 2030 goal.
- •The delay is attributed to global uncertainties, including the impact of the Covid-19 pandemic and subsequent turbulence in the global trading order.
- •Goyal noted that the Covid-19 pandemic caused a setback of at least two and a half years for the country's export ambitions.
- •India's goods and services exports reached USD 825 billion in 2024-25 and are projected to exceed USD 850 billion in 2025-26.
- •Free Trade Agreements (FTAs) are expected to provide significant opportunities for domestic exporters, offering stability, predictability, and clarity in international engagements.
Why It Matters: India aims for USD 2 trillion exports by 2032, adjusting for pandemic and global trade volatility.
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