Piyush Goyal ने Export Promotion Council की बैठक का नेतृत्व किया ताकि FTAs का उपयोग करके 2030 तक USD 2 Trillion निर्यात लक्ष्य हासिल किया जा सके

Key Insight

Leveraging FTAs to Hit $2 Trillion Export Target: Goyal’s Push for EPC‑Driven Reforms

Key Facts

1. On 27 April 2026, Union Minister Piyush Goyal chaired a high‑level meeting of 30 Export Promotion Councils (EPCs) and industry chambers at Bharat Mandapam, New Delhi.
2. India’s merchandise and services exports reached a record USD 860.09 billion in FY 2025‑26, growing 4.22% YoY.
3. The ‘Viksit Bharat’ vision targets USD 2 trillion in exports by 2030, emphasizing full utilisation of existing FTAs, including the newly signed India‑New Zealand FTA.
4. DGFT unveiled an export reform framework featuring a KPI‑based performance matrix for EPCs, designation of ‘Districts as Export Hubs’, and a Digital Trade Academy.
5. MSMEs cite high compliance costs, testing requirements and certification hurdles as major barriers to entering export markets.
6. The Export Promotion Mission (EPM) and accelerated issuance of Export Obligation Discharge Certificates (EODC) are being strengthened to expand the active exporter base.

Background

Export‑led growth is a cornerstone of India’s post‑liberalisation economic strategy. The Ministry of Commerce & Industry, through DGFT and EPCs, is aligning trade policy, FTAs and MSME support to meet the Viksit Bharat target, reflecting broader themes of industrial policy, ease of doing business and global value‑chain integration.

UPSC Syllabus

• GS2 — Government policies and interventions for development
• Prelims_GS — National Current Affairs
• Essay — Economy, Development and Inequality
• GS3 — Effects of liberalization on economy, industrial policy and growth
• GS3 — Farm subsidies, MSP, PDS, food security and technology missions
• GS2 — Functions and responsibilities of Union and States

Mains Angle

GS 3 (Economy) – Candidates can discuss India’s export strategy, the role of FTAs and EPCs, and evaluate the feasibility of the USD 2 trillion target, linking it to industrial policy and MSME empowerment.