New Delhi, May 18 -- India's proposed free trade agreement (FTA) with Oman is likely to come into force from 1 June, commerce and industry minister Piyush Goyal said on Monday, as the government sharpens its export-led growth push while strengthening domestic manufacturing to reduce import reliance amid global trade uncertainties.

India has set a target of achieving $1 trillion in combined goods and services exports in the ongoing financial year, and aims to double it over the next five years, Goyal said at an event to launch the portal of Bharatiya Vyapar Mahotsav, a trade fair to be held in August in New Delhi.

"The Oman FTA may come into force from 1 June, while other finalised FTAs awaiting paperwork will also become operational sub...