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1 trillion Exports Target
February 1 , 2024
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- The country’s total merchandise exports in FY2022–2023 are estimated to be $447 billion.
- This is the highest ever achieved as compared to $422 billion in the previous fiscal.
- India has identified electronics, engineering goods, textiles, marine & agriculture, toys and pharmaceuticals as the six sectors that could help the country achieve almost 70% of its $1-trillion goods export target by FY30.
- These sectors have the potential to reach $670 billion in exports by FY2030, compared to India’s total goods exports of $451 billion in FY2023.
- Engineering Goods expected to grow from $107 billion in FY2023 to $300 billion in exports by FY2030.
- Pharma exports could rise from $25 billion presently to $57 billion by FY2030.
- Electronics exports are estimated to reach $100 billion.
- Textiles sector is expected to touch $97.7 billion.
- Marine and Agri product exports are estimated to reach $118 billion by FY2030.
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