Summary:

Union Commerce and Industry Minister Piyush Goyal met with industry associations and Export Promotion Councils to discuss ways to boost India's export environment, increase its market share, and boost its competitiveness internationally. Supporting MSMEs, utilising free trade agreements, fostering innovation, developing deep-tech capabilities, enhancing export facilitation, and expanding involvement in global value chains were the main topics of discussion. Industry representatives highlighted initiatives to improve Brand India internationally by sharing sector-wise export performance and progress on key performance indicators. In May 2026, India's exports reached a six-month high of Rs. 4.26 lakh crore, up 18% year over year. There was a trade deficit of Rs. 5.32 lakh crore during April and May of FY27, with exports reaching Rs. 8.38 lakh crore and imports reaching Rs. 13.70 lakh crore.

Source: IBEF

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