Piyush Goyal sets massive $2 trillion export target for India by 2030

The meeting was held following the India–New Zealand FTA signing ceremony at Bharat Mandapam and was attended by representatives of 30 EPCs and apex industry chambers, along with senior officials from the Department of Commerce and the Directorate General of Foreign Trade (DGFT).

Addressing the gathering, Goyal said India’s total merchandise and services exports reached a record USD 860.09 billion in FY 2025–26, registering a 4.22 per cent year-on-year growth.

He noted that sectors such as engineering goods, electronics, pharmaceuticals, chemicals, gems and jewellery, and agri-based products have maintained export momentum despite global disruptions.

The minister said the milestone should serve as a springboard for achieving USD 2 trillion in exports by 2030 under the Viksit Bharat vision.

He urged exporters and industry bodies to fully leverage India’s Free Trade Agreements (FTAs) with developed economies to expand market access, boost exports and generate employment opportunities, stressing that timely utilisation of these agreements is critical.

During the meeting, the Director General of Foreign Trade made a detailed presentation on export performance, ongoing reforms, and a structured framework for achieving measurable export outcomes.

The presentation outlined a comprehensive export reform agenda covering sectoral export performance, a KPI-based framework for EPCs, promotion of e-commerce exports, Districts as Export Hubs, the proposed Digital Trade Academy, the government’s response to the West Asia crisis, progress under the Export Promotion Mission, and the ongoing special drive to expedite the Export Obligation Discharge Certificate (EODC).

The DGFT emphasised that EPCs must act as equal partners with the government in driving market diversification, bringing more MSMEs into the export ecosystem, increasing the use of technology, and ensuring that policy measures translate into measurable national outcomes.