India sets $1 trillion export goal for FY26 as merchandise, services trade rise

India aims for a monumental $1 trillion in exports this fiscal year, a goal enthusiastically embraced by industry and policymakers. Union Minister Piyush Goyal confirmed the ambitious target, highlighting strong growth in both merchandise and services sectors. Recent free trade agreements and a seven-point action plan are set to bolster this drive, with a significant push in defence exports also noted.