New Delhi, Jul 3 (PTI) India is targeting 16-17 per cent growth in merchandise exports to USD 530 billion in the current fiscal year, Commerce and Industry Minister Piyush Goyal said on Friday.

He also said the target for the services sector is 11 per cent growth to USD 470 billion in 2026-27.

"The target of total exports is USD 1 trillion for this fiscal year," Goyal said here at the Board Of Trade meeting.

In 2025-26, the country's total exports was USD 863 billion (goods was USD 442 billion and services was USD 418 billion). PTI RR TRB

Export growth targets set for merchandise and services as India aims for a one trillion dollar total export milestone. India has set export growth targets for the current fiscal year, aiming for 16-17 per cent growth in merchandise exports to USD 530 billion and 11 per cent growth in services exports to USD 470 billion in 2026-27. The overall target for total exports has been fixed at USD 1 trillion for the fiscal year.