The Centre is counting on the proposed Export Promotion Mission and a fresh wave of free trade agreements (FTAs) to drive India's exports towards the ambitious $1 trillion mark in FY27, as policymakers seek to build on last year's record outbound shipments.
Speaking to NDTV Profit, Commerce Secretary Rajesh Agrawal said the government expects export growth in the current financial year to outpace last year's performance, with efforts focused on achieving growth well above the 10–15% range needed to meet the target.
Agrawal said the Export Promotion Mission is expected to emerge as a key pillar in boosting outbound trade by supporting exporters, improving market access and helping Indian businesses tap into emerging global opportunities. He added that the rollout of recently concluded FTAs in the coming months is likely to provide an additional push to exports.
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The government also believes India is well placed to benefit from shifting global supply chains as companies look to diversify manufacturing and sourcing bases beyond traditional hubs. According to Agrawal, India is increasingly being viewed as a reliable partner in the evolving global trade ecosystem.
Commerce and Industry Minister Piyush Goyal earlier urged exporters to aggressively pursue new opportunities created through trade agreements, saying India should aim to cross the $1 trillion exports milestone in FY27.
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India's combined goods and services exports touched a record $863.11 billion in FY26 despite geopolitical tensions, slowing global demand and elevated US tariffs. While merchandise exports recorded modest growth, services exports remained a major driver of overall trade expansion.
Goyal said achieving the FY27 target would require export growth of around 16–17%. He highlighted operational FTAs with the UAE, Australia, Mauritius and the European Free Trade Association (EFTA), while noting that negotiations are underway with several other countries and regional trade blocs.
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