India's USD 2 Trillion Export Target Shifted to 2032: Piyush Goyal

• Commerce and Industry Minister Piyush Goyal announced that India's USD 2 trillion goods and services export target is now expected by 2032, revised from the earlier 2030 goal.
• The delay is attributed to global uncertainties, including the impact of the Covid-19 pandemic and subsequent turbulence in the global trading order.
• Goyal noted that the Covid-19 pandemic caused a setback of at least two and a half years for the country's export ambitions.
• India's goods and services exports reached USD 825 billion in 2024-25 and are projected to exceed USD 850 billion in 2025-26.
• Free Trade Agreements (FTAs) are expected to provide significant opportunities for domestic exporters, offering stability, predictability, and clarity in international engagements.

Why It Matters: India aims for USD 2 trillion exports by 2032, adjusting for pandemic and global trade volatility.