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Home > All news > Export Import > Services exports may surpass merchandise shipments in FY26: Piyush Goyal

Services exports may surpass merchandise shipments in FY26: Piyush Goyal

March 22, 2025
Reading Time: 2 minutes
Piyush Goyal drops hints about a major move India and US could make in next 6-8 months

New Delhi - The services sector should aspire to overtake merchandise exports in the next financial years as the goods trade faces headwinds in the current scenario, Commerce and Industry Minister Piyush Goyal said.

The services sector should be targeting $ 450 billion in exports in 2025-26, up from $ 385  billion to $ 390 billion that should be the goal for this financial year, he said while addressing the Inaugural Session of Nasscom Global Confluence 2025.

In 2023-24 the services exports stood at $ 341 billion, growing at 4.85% on year. In April-February the . . .

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