Mumbai, Sept. 28 -- India has set an ambitious target of raising its total exports of goods and services from 863 billion dollars last year to one trillion dollars this year. Union Minister of Commerce and Industry Piyush Goyal said merchandise exports have grown by more than 15% in the first six months of the current financial year, despite global challenges.

Mr Goyal said bilateral trade has doubled to around 100 billion dollars under the India-UAE Comprehensive Economic Partnership Agreement. The two countries now aim to take it to 200 billion dollars by 2032. The minister said the UAE has already invested about 25 billion dollars in India and has indicated intent to invest another 25 billion dollars soon, with a long-term investment...