India has set an ambitious target to achieve $1 trillion in merchandise and services exports by FY27, supported by an aggressive push to expand free trade agreements (FTAs), diversify export markets, and strengthen domestic manufacturing competitiveness.
Officials and industry stakeholders said the strategy focuses on leveraging recently signed and ongoing trade negotiations with key partners to improve market access for Indian goods and services. The export roadmap also includes measures to boost logistics efficiency, reduce compliance burdens, and enhance value addition across key sectors.
Sectors such as engineering goods, electronics, pharmaceuticals, textiles, gems and jewellery, and IT services are expected to play a central role in driving export growth. Policymakers believe that expanding production capacity, improving global supply chain integration, and targeting high-growth regions will be critical to meeting the $1 trillion milestone.
Industry representatives, however, noted that achieving the target will depend on sustained global demand, stable trade conditions, and continued reforms to improve ease of doing business and export competitiveness.