The government has set a new export target of $63.4 billion for the current financial year (FY27), aiming for 15 per cent growth over the income achieved in the previous fiscal year (FY26).
The commerce minister made the announcement at a press conference at his secretariat office on Sunday, expressing optimism that the target can be achieved by the end of the fiscal year.
He said all existing factors had been taken into account in setting the new export target while unveiling the external trade plan, which has drawn mixed reactions from economists.
In the last fiscal year (2025–26), the export target for goods and services was set at $63.5 billion.
Out of this, the target was $55 billion from goods and $8.5 billion from services.
The commerce minister reiterated his belief that the new target is attainable.
Commerce Secretary, senior officials, and representatives from trade bodies were also present at the press conference.