Punjab, Sept. 28 -- India is targeting $1 trillion in combined goods and services exports in 2026-27 - about $530 billion in merchandise and $470 billion in services. Last year's total was a record $863.11 billion.
The arithmetic
Getting from $863.11 billion to $1 trillion needs another $137 billion - growth of roughly 16 to 17% on goods and 10 to 11% on services.
Last year's growth was 4.6%.
That is the whole difficulty stated in two numbers. The target requires merchandise exports to grow more than three times faster than they did in the year just finished.
What the plan rests on
Free trade agreements, mainly. The Oman FTA became operational on 1 June, the India-UK agreement has come into force, and the India-New Zealand agreement s...