The Indian Department of Commerce has developed a comprehensive Export Monitoring Framework aimed at achieving a $2 trillion target for goods and services exports by the fiscal year 2030-31. This framework breaks down the national target into specific actions across various sectors, including engineering goods, textiles, electronics, pharmaceuticals, chemicals, and services. During a high-level review meeting led by Commerce and Industry Minister Piyush Goyal, the importance of inter-departmental coordination was emphasized, with specific ministries assigned to resolve exporter-related issues. Goyal also advocated for an IT-enabled monitoring platform to facilitate ongoing progress tracking, enabling automated escalations for reviews at higher administrative levels. In FY26, India's merchandise exports reached $441.78 billion, reflecting a 0.93% increase from the previous fiscal year. The minister highlighted the need for a defined import substitution strategy in priority sectors to complement export growth and stressed the significance of enhancing 'Brand India' as part of the export promotion strategy.