India will set new records in 2026
India will export more this year than last, according to Union Minister of Commerce and Industry Piyush Goyal, despite US tariffs. This was stated by Piyush Goyal during a gathering in New Delhi.
According to Goyal, India must diversify her exports to avoid being impacted by the unilateral decisions of any one nation. He believes that domestic demand will increase as a result of the GST adjustments. Additionally, he stated that no industry has yet to voice any complaints regarding the levies.
will take a number of actions to increase exports: Minister of Commerce
India’s overall exports hit an all-time high of $824.9 billion, or ₹72.71 lakh crore, in the most recent fiscal year (2024–25). According to Goyal, the government would shortly implement a number of policies aimed at increasing exports.
The minister of trade also mentioned that negotiations for an FTA to boost exports are still going on with the European Union. Additionally, agreements with Chile, Peru, New Zealand, and Qatar will shortly be finalized. Without hesitation, he added that US tariffs were not a significant concern.
We shall never show weakness or bend down: Goyal
The minister of commerce went on to say that India would keep progressing and entering new markets. According to Goyal, it is safe to assume that India will export more this year than it did last.
FY25 saw a total export of ₹72.71 lakh crore.
For the current fiscal year 2025–2026, the government has set an export goal of $1 trillion. According to available data, overall exports in July 2025 amounted to $68.25 billion, or ₹6.01 lakh crore. This surpasses the $65.31 billion (₹5.75 lakh crore) in the same month last year.
India’s total exports in the most recent fiscal year reached a record high of $824.9 billion, or ₹72.71 lakh crore, according to official figures. Compared to the $778.1 billion in exports in 2023–2024, this represented a 6.01% increase.
