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Challenging times for global trade; India will certainly cross USD 825 billion exports this fiscal: Minister Goyal
The Political and Business Daily
|June 12, 2025
THE world trade is facing severe geo-political challenges, but India has consistently emerged as a winner in such times, and the country's exports of goods and services will certainly cross USD 825 billion in 2025-26, Commerce and Industry Minister Piyush Goyal said.
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Despite global economic uncertainties due to the Russia-Ukraine conflict, Israel-Hamas war and the Red Sea crisis, the country's overall exports touched an all-time high of USD 825 billion against USD 778 billion in 2023-24.
As per estimates of certain multi-lateral bodies, there would be a contraction in global trade, Goyal said.
"The world is going through severe geo-political challenges...So these are challenging times, but India has always emerged (as) a winner in challenging times and we did a record USD 825 billion exports in 2024-25. This year, we hope to do much better," he told PTI.
When asked if last fiscal's figures will be crossed, he said: "We will certainly be able to cross that".
Apex exporters' body FIEO has projected that the country's overall goods and services exports are expected to grow by over 21 per cent year-on-year to USD 1 trillion during 2025-26.
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