India’s $1 Trillion Export Dream Fades: FY26 Shipments Set to Underperform.

India is unlikely to achieve the ambitious target of $1 trillion in exports of goods and services in FY26, with global slowdown and protectionism weighing on merchandise shipments, according to economic think tank Global Trade Research Initiative (GTRI) founder Mr Ajay Shrivastava. India is almost there, as last year’s exports of goods and services were about $825 billion. This fiscal, because of flat growth, almost no growth in goods exports, and growth in services exports, India’s total exports will be around $850 billion, short of the target by $150 billion. He said $1 trillion could be achieved only after India concludes major trade agreements, with the US and the EU, for example. That may happen next year, not this year, he added, as per a report.