According to an Economic Times report dated August 12, 2026, India's exports grew by around 15 per cent during April-July in the current fiscal year, Commerce Minister Piyush Goyal said. Goyal expressed hopes, the report said, that the export target of $1 trillion in 2026-27 will be achieved. The report noted the target was set at $863 billion in 2025-26.
Export growth in April-July
According to the Economic Times, Goyal said India's exports grew by around 15 per cent during April-July in the current fiscal year. In the same remarks, he expressed hopes that the export target of $1 trillion in 2026-27 will be achieved. The report said the target was set at $863 billion in 2025-26.
The report quotes Goyal directly: "During the first four months of this fiscal, about 15 per cent growth is there in exports."
The report also cited trade data for the first quarter of the current financial year. During April to June, exports increased by 15.92 per cent and reached $129.32 billion, according to the Economic Times. Imports increased by 19.89 per cent and reached $216.18 billion, the report added.
| Period | Exports | Export growth | Imports | Import growth |
|---|---|---|---|---|
| April-June (official data) | $129.32 billion | +15.92% | $216.18 billion | +19.89% |
| April-July (minister's estimate) | — | about 15% | — | — |
The April-June official data and the April-July ministerial estimate both show export growth of about 15 per cent or more at the start of the current fiscal year, according to the figures cited in the report. The report's April-June import numbers show imports rising more steeply than exports over the same three-month period.
$1 trillion export target
Goyal expressed hopes that the export target of $1 trillion in 2026-27 will be achieved, according to the Economic Times. The export target in 2025-26 was set at $863 billion, the report said. The minister's comments were reported alongside data showing 15.92 per cent export growth in April-June.
Free trade agreements
According to the Economic Times, Goyal stated that in the last four years, nine free trade agreements (FTAs) have been concluded, opening many possibilities for the domestic industry. The report said these agreements are responsible for about two-thirds of global trade.
- Nine FTAs concluded in four years.
- FTAs cover about two-thirds of global trade, according to the report.
- Goyal said the agreements open many possibilities for India's domestic industry.
The Economic Times report covers the current export growth figures, the 2025-26 target of $863 billion, the 2026-27 ambition of $1 trillion, and the minister's statement that nine FTAs were concluded in the last four years.
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