India has set its sights on hitting $1 trillion in exports by FY27, with a push to accelerate free trade agreements as they come into effect. Commerce Minister Piyush Goyal says streamlining business regulations alongside these FTAs is meant to make trade easier, boost competitiveness, and create a stronger, more predictable export environment.
India is aiming for USD 1 trillion in exports this fiscal year, building on last year’s USD 863.11 billion performance. Piyush Goyal says the government is pushing negotiations for Free Trade Agreements to boost growth, with several already in place and more expected. The ambitious target sets a high bar for faster trade expansion across sectors.
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India is ramping up efforts to make free trade agreements work better for exporters and investors. Under Piyush Goyal, the commerce ministry plans to dispatch 500 delegations abroad and train 1,000 people to strengthen industry outreach, including engagement with 1,600 industry chambers. The focus is increasing exports, attracting investment, and meeting export targets.
India is preparing a third Jan Vishwas Bill, aimed at simplifying business processes and reducing compliance burdens. The government also plans to make it easier for companies to start operations and, crucially, exit when needed. In parallel, India has already finalized nine free trade agreements and is in talks on more partnerships with additional countries.
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