India's $1 Trillion Export Target by FY26 Faces Headwinds Amid Global Slowdown

India is projected to miss its ambitious $1 trillion goods and services export target for FY26, largely due to a global economic slowdown and rising protectionism. The Global Trade Research Initiative (GTRI) forecasts exports to reach approximately $850 billion, falling short by $150 billion.

• India likely to miss $1 trillion FY26 export target by $150 billion.
• Global economic slowdown and rising protectionism are key hindering factors.
• US tariffs led to a 20.7% decline in exports to the US (May-Nov 2025).
• Services exports expected to cross $400 billion, offering crucial support.
• Diversification efforts show exports to non-US markets increased by 5.5%.
• GTRI urges focus on export gains from existing FTAs and product diversification.

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