Goyal Pushes $2 Trillion Export Goal After New Zealand FTA
Commerce Minister urges industry to leverage global trade pacts under Viksit Bharat vision
- Piyush Goyal chairs major export strategy meeting
- India targets $2 trillion exports by 2030
- Export ecosystem review follows India-New Zealand FTA signing
- MSME support and global market expansion prioritized
GG News Bureau
New Delhi, 28th April: Union Commerce and Industry Minister Piyush Goyal has called on exporters and industry leaders to aggressively leverage India’s expanding network of Free Trade Agreements (FTAs) to achieve the ambitious target of $2 trillion in exports by 2030 under the Viksit Bharat roadmap.
Chairing a high-level meeting with Export Promotion Councils (EPCs), industry bodies and senior government officials at Bharat Mandapam, Goyal reviewed strategies to strengthen India’s export ecosystem amid shifting global trade conditions.
The meeting came immediately after the signing of the India–New Zealand Free Trade Agreement, with the minister emphasizing that FTAs with developed economies must be fully utilized to boost market access, industrial growth and employment generation.
India’s total merchandise and services exports reached a record $860.09 billion in FY 2025–26, marking a 4.22% annual growth despite international disruptions.
Goyal highlighted strong performance across sectors including engineering goods, electronics, pharmaceuticals, chemicals, gems and jewellery, and agri-based products.
The Directorate General of Foreign Trade presented a comprehensive export reform strategy focusing on e-commerce exports, Districts as Export Hubs, technology adoption, MSME participation, and measurable performance indicators for export councils.
Industry representatives raised concerns over compliance costs and market-entry barriers for MSMEs, while the government assured targeted reforms and policy support to reduce obstacles.
The minister reaffirmed India’s commitment to building a globally competitive, innovation-driven and resilient export framework to position the country as a trusted international supply chain leader.
