📷 Image: Wikimedia Commons / Ministry of Commerce and Industry (India)
Business
India Achieves 15% Export Growth in First Four Months, Aims for $1 Trillion by Year-End
✍️ cfo.economictimes.indiatimes.com
🗓 13 Aug 2026, 07:48 PM
👁 4
India's exports grew 15% in the first four months of the year, according to Commerce Minister Piyush Goyal, and the government is targeting $1 trillion in total exports for 2023-24.
India's exports rose by 15% in the first four months of the fiscal year, the Commerce Ministry said on Tuesday. The uptick reflects stronger demand from key markets and a rebound in global trade conditions.
The growth was led by sectors such as pharmaceuticals, textiles, and engineering goods, which saw higher shipment volumes compared to the same period last year.
Piyush Goyal, the Minister of Commerce and Industry, said the government is targeting a total export volume of $1 trillion by the end of the 2023-24 fiscal year. This target aligns with the government's broader strategy to boost India's trade surplus.
Analysts note that achieving the $1 trillion milestone will require sustained momentum across multiple product groups and continued support for exporters through policy measures and market access initiatives.
The growth was led by sectors such as pharmaceuticals, textiles, and engineering goods, which saw higher shipment volumes compared to the same period last year.
Piyush Goyal, the Minister of Commerce and Industry, said the government is targeting a total export volume of $1 trillion by the end of the 2023-24 fiscal year. This target aligns with the government's broader strategy to boost India's trade surplus.
Analysts note that achieving the $1 trillion milestone will require sustained momentum across multiple product groups and continued support for exporters through policy measures and market access initiatives.