India to Surpass $800 Billion in Exports
India is poised to exceed $800 billion in exports this year, with services exports taking the lion’s share, Union Commerce and Industry Minister Piyush Goyal announced.
India is poised to exceed $800 billion in exports this year, with services exports taking the lion’s share, Union Commerce and Industry Minister Piyush Goyal announced on March 14, 2025, in New Delhi. Addressing Export Promotion Councils (EPCs) and industry associations, Goyal underscored the government’s relentless efforts to bolster Indian exporters amid a shifting global landscape, vowing to safeguard national interests and secure a robust future for both merchandise and service sectors.
Goyal praised the exporter community’s resilience, noting their ability to transform global crises into opportunities. Amid concerns over trade relations with the US, he urged EPCs to leverage their strengths and articulate specific demands to enhance engagement with American markets.
The minister also revealed that India is nearing the final stages of several free trade agreements (FTAs), promising expanded opportunities and increased foreign investment for exporters.
Highlighting ongoing bilateral negotiations, Goyal emphasized that each initiative prioritizes Indian exporters’ interests. He expressed confidence that stakeholder consultations would pave the way for mutually beneficial deals, amplifying India’s presence in emerging and lucrative markets.
However, he challenged the industry to shed its protectionist tendencies regarding reciprocal tariffs, encouraging a bold, self-assured approach to global competition.
The minister tied this export surge to the Viksit Bharat Mission, aiming to transform India into a prosperous nation. He stressed that this vision hinges on the industry’s commitment aligning with consumers’ aspirations for affordable, high-quality goods and services. Goyal’s optimism reflects India’s growing economic clout, driven by a dynamic services sector and strategic trade policies. As the government accelerates its efforts, the $800 billion milestone signals a pivotal moment in India’s journey toward global trade dominance, blending ambition with pragmatic collaboration.
