New Delhi, Dec. 25 -- India is unlikely to achieve the ambitious target of USD 1 trillion in exports of goods and services in FY26, with global slowdown and protectionism weighing on merchandise shipments, economic think tank Global Trade Research Initiative (GTRI) Founder Ajay Shrivastava told ANI on Wednesday.

"We are almost there. Last year's exports of goods and services were about USD 825 billion," Shrivastava said in an exclusive interview with ANI. "This year, because there will be flat growth, almost no growth in goods exports, growth in services exports, our total exports in FY26 will be around USD 850 billion. We will be short by USD 150 billion in reaching the target of USD 1 trillion."

He said the target could be achieved on...