India’s exports of products and services could surpass $900 bn: Piyush Goyal

Notwithstanding the uncertainty in the global economy, Commerce and Industry Minister Piyush Goyal has stated that India’s exports of goods and services are anticipated to surpass $900 billion in 2025–2026. Despite the uncertainty caused by the Israel-Hamas war, the Russia-Ukraine conflict, and the Red Sea crisis, the nation’s total exports increased from $778 billion in 2023–2024 to an all-time high of $825 billion in 2024–2025.

Speaking to the Indian business delegation, he stated, “With all of this global turmoil, we are sure to cross $900 billion this year, having crossed $825 billion last year.” In order to encourage commerce and investment between the two nations, the Minister is in Stockholm on an official visit to meet with his Swedish counterpart and businesses. According to projections made by the apex exporters’ organization FIEO, the nation’s total exports of products and services are anticipated to increase by more than 21% annually to $1 trillion in 2025–2026.