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, a delay from the original 2030 goal.
• The revised timeline 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 volatility in the global trading environment is gradually stabilizing, which bodes well for future export growth.
• 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) currently being finalized are expected to create significant opportunities for domestic exporters, offering stability, predictability, and clarity in international trade relations.

Why It Matters: India aims for USD 2 trillion exports by 2032, delayed by global disruptions but supported by FTAs.