‘We are a self-respecting country’: Piyush Goyal on Russian oil and US tariff threat | ETSA 2026

India's Commerce and Industry Minister Piyush Goyal has expressed optimism that the nation will reach a landmark $1 trillion in exports of goods and services during the ongoing fiscal year. At a recent event organized by the Confederation of Indian Industry, Goyal stated his confidence after reviewing the first half of the year's figures. This optimism comes after merchandise exports rose by 15% year-on-year up to September 21 of the current fiscal.

Goyal noted that India's goods and services exports had reached an all-time high of $863 billion in 2025-26. He emphasized that the nine free trade agreements finalized by India in recent years offer significant business opportunities for exporters. Goyal urged the industry chamber CII to establish Free Trade Agreement utilization cells in various states to maximize these advantages.

Additionally, Andhra Pradesh Chief Minister N Chandrababu Naidu attended the same event, inviting both domestic and foreign investors to the state. Naidu highlighted the government's focus on improving the speed of doing business, pledging real-time clearance for all business processes.