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India Hits Record $863B Exports, Targets $1 Trillion Despite Global Slowdown

India achieved record exports worth $863 billion despite global economic headwinds, Union Commerce Minister Piyush Goyal announced. The government has set an ambitious target of reaching $1 trillion in exports during the current financial year. India has signed nine Free Trade Agreements over the last three-and-a-half years, covering 38 developed economies. Goyal emphasized that logistics improvements and infrastructure investments are key to boosting export competitiveness.

Key Points: India's Record Exports $863B, Targets $1 Trillion

  • India achieved record $863 billion exports despite global slowdown
  • Government targets $1 trillion exports in current fiscal
  • Nine FTAs signed in last 3.5 years covering 38 economies
  • Logistics cost reduction is a national priority for PM Modi
2 min read

Despite global slowdown, India clocks record $863 billion exports; targets $1 trillion

India achieves record $863 billion exports despite global slowdown. Commerce Minister Piyush Goyal sets ambitious $1 trillion target for current fiscal year.

"The current global environment should be viewed by India as an opportunity to strengthen supply chains and expand export markets - Piyush Goyal"

New Delhi, May 13

Union Commerce and Industry Minister Piyush Goyal on Wednesday said India achieved record exports worth $863 billion despite global economic headwinds and has now set an ambitious target of reaching $1 trillion in exports during the current financial year.

Addressing the LEAPS Awards 2025 ceremony and the release of the LEADS 2025 report here, Goyal said India's growing global trade footprint, infrastructure push and logistics reforms are helping the country emerge as a stronger and more competitive economic power.

The Minister said India has signed nine Free Trade Agreements (FTAs) over the last three-and-a-half years, covering 38 developed and prosperous economies. Of these, four agreements are already operational, while five more are expected to come into force over the next 12 months. Along with earlier trade agreements with Japan, Korea and ASEAN nations, these FTAs now account for more than two-thirds of global trade and economic activity, he said.

Goyal added that India is actively negotiating trade agreements with several countries and regions, including Chile and Maldives, with both expected to be concluded before the end of the year. Talks are also underway with the Gulf Cooperation Council (GCC), covering Saudi Arabia, Qatar, Kuwait, Bahrain, Oman and the UAE, besides negotiations with Canada, Eurasia, Mexico, SACU and Mercosur.

Highlighting the importance of logistics in driving exports, the Minister said Prime Minister Narendra Modi has made reduction of logistics costs a national priority to improve India's global competitiveness. He said investments in infrastructure, faster transportation systems, seamless logistics networks and improved delivery mechanisms are significantly enhancing efficiency and productivity.

Goyal said the current global environment, marked by geopolitical tensions in West Asia and slowing global growth, should be viewed by India as an opportunity to strengthen supply chains, improve efficiencies and expand export markets. He stressed that continued improvements in logistics, technology adoption and business processes would further boost export competitiveness and foreign exchange earnings.

- IANS

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Reader Comments

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Vikram M
Great job by the government! The focus on logistics and infrastructure is exactly what we needed. I travel frequently and can see the improvements in highways and ports. But we need to be realistic about the $1 trillion target with global slowdown and West Asia tensions. Still, kudos to the team for setting ambitious goals. 🚀
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James A
Impressive numbers, but the real test is how much of this is value-added manufacturing versus raw materials or low-value items. Also, with all these FTAs, India needs to protect domestic industries too. I'm a bit skeptical about signing deals with smaller economies like Maldives—what are we really gaining there?
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Arjun K
Waah! Finally some good economic news. My uncle runs a small textile export unit in Tirupur, and he says the new port infrastructure has reduced his shipping time by 3-4 days. The FTAs with Europe are helping him get better margins. If logistics costs really come down as promised, we can easily hit $1 trillion. Bas, corruption thoda kam ho! 😅
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Sarah B
Nice to see India bucking the global trend. I work in supply chain and can see the positive impact of the National Logistics Policy. However, the geopolitical risks are real—Iran-Israel tensions could disrupt shipping lanes. And let's not forget that China and Vietnam are our big competitors in many export categories. We need to be faster and more efficient.
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Rohit P
🎉 Excellent progress! I remember when everyone doubted India's export potential in manufacturing. But what about services? IT and pharma exports are also crucial. Hope the government includes them in the $1 trillion target. Also, state governments

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