Exports may touch USD 1 trn by FY28: BVR Subrahmanyam

New Delhi: The country’s merchandise exports are expected to touch USD 1 trillion by 2027-28 and the government has laid down a road map, including district as an export hub scheme, to achieve that number, Commerce Secretary BVR Subrahmanyam said on Wednesday.

This fiscal, the commerce ministry is aiming at USD 419 billion of exports and for that a detailed analysis has been carried out and the target was disaggregated at the level of country, commodity, region, and states across 31 commodity groups.

The secretary said that Indian exports have been roughly



fluctuating between USD 290 billion and USD 330 billion for the last 10 years.

“We have actually laid down a roadmap on how we hit USD 500 billion in merchandise exports and when we hit a trillion dollar exports. Our guess is that, by 2027-28, very very modest estimates, we should touch USD 1 trillion figure in exports of merchandise,” Subrahmanyam said at the CII’s Annual Meeting 2021. He also said that work is underway for the services sector  as well and the target is to take these exports to USD 700 billion in 2027-28.