Commerce Minister says India's exports were USD 863 billion last year and targets USD 1 trillion
8 October 2026
Commerce and Industry Minister Piyush Goyal spoke in New Delhi on 8 October 2026 at the curtain raiser for the 31st CII Partnership Summit.
India's exports last year were USD 863 billion; the target for the current year is USD 1 trillion, nearly 16% growth.
Global trade is expected to grow around 2.5 to 3%, and global growth below 3%.
He said India is about a USD 4 trillion economy with potential to reach USD 30 trillion by 2047.
The export effort involves 63 million MSMEs and around 250,000 startups.
The summit will be held in Visakhapatnam on 12 and 13 November.
In plain words
CII Confederation of Indian Industry — An industry body that organises the annual Partnership Summit.
MSME Micro, Small and Medium Enterprises — Firms classified by investment and turnover; a large part of India's exporters.