India sets US$2 trillion export target by 2030–31 with new national strategy

According to the Ministry of Commerce and Industry of India, the target includes US$1 trillion in merchandise exports and US$1 trillion in services exports. The strategy was outlined following a high-level review led by Piyush Goyal, Commerce and Industry Minister of India, who confirmed that a structured Export Monitoring Framework has been introduced to guide implementation.

The framework breaks down the national goal into sector-specific action plans covering key industries such as engineering goods, textiles, electronics, pharmaceuticals, chemicals, and services. Each segment is assigned measurable targets, timelines, and performance indicators, ensuring accountability and coordinated progress.

Officials emphasise that the export expansion strategy will rest on three main pillars: clearly defined sectoral actions, stronger coordination across government departments, and the deployment of a digital monitoring platform to track progress in real time. The system will include automated escalation mechanisms to address bottlenecks at senior administrative levels.

A central component of the policy is the Export Promotion Mission, designed to support small and medium-sized enterprises and remove structural barriers to trade. According to the source, the initiative provides a comprehensive package of measures, including improved access to finance, support for logistics and certification, and expanded market access opportunities.

Authorities note that strengthening the global identity of Indian products remains a strategic priority.

Previously, it was reported India accelerates semiconductor drive with the landmark 3D packaging project.