Union Commerce and Industry Minister Piyush Goyal reaffirmed India’s target to achieve $1 trillion in merchandise exports by FY27, highlighting that strong domestic manufacturing fundamentals and new trade agreements will overcome short-term global headwinds. However, leading export promotion councils called for long-term tax policy stability and early extension of key incentive schemes like RoDTEP and RoSCTL to help exporters negotiate long-term overseas supply contracts. Economists emphasized that predictable duty structures and automated tax refund processes are critical to protecting small and medium enterprise margins amid rising international shipping freight rates. Government officials reassured the trading community that ongoing trade talks with the EU, UK, and GCC will create new duty-free export channels for high-value Indian products.