Expand Market Access And Boost Exports Using Trade Pacts With Developed Economies: Piyush Goyal
Despite global disruptions due to the West Asia war, sectors such as engineering goods, electronics, pharmaceuticals, chemicals, gems & jewellery and agri-based products have sustained export momentum
New Delhi: Commerce minister Piyush Goyal on Tuesday urged exporters and industry bodies to fully leverage India’s trade pacts with developed economies to expand market access, boost exports and create employment opportunities, noting that timely utilisation of these agreements is critical. At the same time, industry representatives, who met the minister, also raised their concern relating to compliance costs, testing requirements, and challenges faced by MSMEs, according to a government statement.
Despite global disruptions due to the West Asia war, sectors such as engineering goods, electronics, pharmaceuticals, chemicals, gems & jewellery and agri-based products have sustained export momentum. However, the minister has assured continued support, including facilitation and targeted interventions to reduce entry barriers and enhance ease of doing business, the ministry said.
India’s total merchandise and services exports has reached a record $860.09 billion in 2025-26, registering a 4.22 per cent year-on-year growth. The minister emphasised that this milestone should serve as a springboard for achieving $2 trillion in exports by 2030. He also assured the government support to exporters for entering new markets and increasing their presence in existing markets to accelerate export growth.
