Industry representatives have flagged concerns over rising compliance costs, complex testing requirements, and difficulties faced by MSMEs in accessing global markets during a meeting with Commerce and Industry Minister Piyush Goyal, according to an official statement issued on Tuesday.
The minister assured continued government support through facilitation measures and targeted interventions aimed at reducing entry barriers and improving ease of doing business for exporters.
Emphasising the need to capitalise on India’s trade agreements with developed economies, Goyal urged exporters and industry bodies to fully leverage these pacts to expand market access, boost outbound shipments, and generate employment. He noted that timely utilisation of such agreements would be critical to sustaining export growth.
India’s total merchandise and services exports reached a record $860.09 billion in 2025–26, marking a 4.22 per cent year-on-year increase. Key sectors including engineering goods, electronics, pharmaceuticals, chemicals, gems and jewellery, and agri-based products have maintained momentum despite ongoing global disruptions.
Goyal said the milestone should act as a springboard for achieving the government’s ambitious target of $2 trillion in exports by 2030. He also reiterated the Centre’s commitment to supporting exporters in diversifying into new markets while strengthening their presence in existing ones.
The meeting saw participation from representatives of around 30 export promotion councils and apex industry bodies, along with senior officials from the Department of Commerce and the Directorate General of Foreign Trade.
