No timeline given for USD 2 trillion export target, ministry answer states

The question asked the Ministry of Commerce and Industry to detail steps taken for ease of doing business, the status of export growth towards the USD 2 trillion target, and specific support measures for MSMEs and exporters, particularly in Andhra Pradesh.

Asked and answered by: Asked by: Dr. Nishikant Dubey and Shri Damodar Agrawal; Answered by: Ministry of Commerce and Industry (Minister Shri Piyush Goyal).

What the government said

• India's overall exports (merchandise and services) in FY 2025-26 stood at USD 863.05 billion.
• Exports registered an 11.37% growth in the April-June quarter of the current financial year.
• The Export Promotion Mission (EPM) has a budgetary outlay of ₹25,060 crore for FY 2025-26 to FY 2030-31.
• The Jan Vishwas (Amendment of Provisions) Act, 2026, decriminalized 717 provisions across 79 Central Acts.
• The India-UK trade agreement provides preferential access for nearly 99% of Indian exports.
• ECGC enhanced insurance cover for banks from 70% to 90% for loans up to ₹80 crore.
• A two-tier framework of State and District Export Promotion Committees (SEPCs/DEPCs) is established to facilitate grassroots export growth.

Also in the document

• The answer does not provide a specific figure or timeline for achieving the USD 2 trillion export target, only stating that a comprehensive institutional mechanism is in place to monitor performance.
• The answer states that India's B-READY country report is expected to be released by the World Bank around November 2026, rather than providing a current ranking.
• The text provided is truncated and does not contain the full details of the Reverse Buyer-Seller Meets in Andhra Pradesh or the specific sector/district-level initiatives mentioned in part (e) of the question.