India is likely to cross USD 900 billion in goods and services exports during the financial year 2025–26 despite prevailing global economic setbacks, Commerce and Industry Minister Piyush Goyal stated.
Addressing an Indian business delegation during his visit, Goyal emphasized that the country recorded a record USD 825 billion in total exports in 2024–25—increasing from USD 778 billion the previous year—amidst geopolitical tensions and trade route crises.
"We have exceeded USD 825 billion exports in the previous year, we are definitely going to exceed USD 900 billion this year amid all this world turmoil," the minister added, citing the effect of the Russia-Ukraine war, Israel-Hamas conflict, and other disruption in the Red Sea area.
Goyal is visiting Sweden currently for bilateral talks with his Swedish counterpart and top businesses in a bid to strengthen trade relations and investment opportunities between the two countries.
Supporting the government's outlook, the Federation of Indian Export Organisations (FIEO), India's largest exporters' association, has projected that India's overall exports could grow more than 21% year-on-year, possibly reaching USD 1 trillion in 2025–26.
This positive forecast is indicative of India's continued endeavors towards increasing its commerce footprint across the world despite rising external strains on the global economy.
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