India's Commerce and Industry Minister Piyush Goyal has set an ambitious target of $1 trillion in goods and services exports for the current fiscal year, following a record $863.11 billion in exports in 2025-26, which marked a 4.6% year-on-year increase. Merchandise exports rose to $441.78 billion, while services exports reached $421.32 billion, reflecting significant growth of 8.71%. Achieving the $1 trillion target necessitates an increase of $137 billion, translating to a growth rate of 16-17%. Goyal highlighted the role of free trade agreements (FTAs) in facilitating this growth, noting that India has finalized nine FTAs since 2021, with four already operational. The government is also negotiating additional FTAs with countries including Chile, Maldives, Canada, and Mexico, aiming to enhance India's global trade relationships. A recent virtual meeting with over 1,100 industry participants was conducted to raise awareness about the benefits of these agreements, particularly for small and micro enterprises.