Mumbai, Nov. 11 -- Union Minister for Commerce and Industry Piyush Goyal has expressed confidence that India is on track to achieve its export target of one trillion dollars this year. Mr. Goyal said India had already achieved exports worth approximately 480 billion dollars in the first six months of the financial year, accounting for 48 per cent of the annual target. He said exports generally gain momentum in the second half of the year and expressed confidence in India's overall export performance.

Highlighting the contribution of the engineering sector, the Minister said exports from the sector had registered a growth of around 22 percent. He said the October export figures would be released by the Commerce Secretary on the 15th of th...