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India Set to Cross $1 Trillion Exports This Fiscal Year Says Piyush Goyal
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CNBC TV18•10-10-2026, 19:54
India Set to Cross $1 Trillion Exports This Fiscal Year Says Piyush Goyal
- •Commerce and Industry Minister Piyush Goyal announced that India is on track to surpass $1 trillion in total exports during the current financial year.
- •Discussions regarding the India-US interim trade agreement are being updated to reflect the evolving tariff landscape and changing global circumstances.
- •India is actively negotiating bilateral and regional trade agreements with multiple partners including Israel, Chile, the GCC, and the Eurasian Economic Union.
- •UK and Canadian ministers are scheduled to visit India soon for high-level economic meetings and trade discussions.
- •Piyush Goyal highlighted that India currently hosts 2117 global capability centres which generate $100 billion in foreign exchange and create substantial jobs.
Key Questions Answered
India is currently on track to cross $1 trillion in total goods and services exports during this financial year, according to Commerce and Industry Minister Piyush Goyal.
India is actively negotiating trade agreements and economic frameworks with several partners and regional blocs, including Israel, Chile, the Gulf Cooperation Council, and the Eurasian Economic Union.
There are 2,117 global capability centres operating across India that together generate $100 billion in foreign exchange while creating jobs, paying local taxes, and utilizing the country's infrastructure.
