Union Commerce and Industry Minister Piyush Goyal said on Monday that India is targeting $2 trillion in exports over the next five years as part of its vision for an “Atmanirbhar Bharat” (self-reliant India). He was addressing a national conclave of trade leaders at Bharat Mandapam in New Delhi, organized by the Confederation of All India Traders (CAIT), where he also launched the website for the Bharat Vyapar Mahotsav.

He expressed confidence that the upcoming Bharat Vyapar Mahotsav, scheduled to begin in 86 days at Bharat Mandapam, would serve as a platform to promote Indian-made products, encourage import substitution, and strengthen India’s position in global markets. According to him, the participation of 140 crore citizens would ensure that the country achieves its goal of becoming a developed nation.

The Bharat Vyapar Mahotsav, a Swadeshi-focused trade fair, is being organized by the India Trade Promotion Organisation (ITPO) in collaboration with CAIT and supported by various trade, logistics, and Swadeshi organizations. The event is expected to feature around a thousand businesses and emphasize quality, branding, packaging, and marketing to improve global competitiveness of Indian goods.

Goyal noted that India’s exports have already reached about $863 billion this year, marking a growth of around 5% over the previous year, and said the government has set a revised target of $1 trillion for the current year. He also highlighted ongoing negotiations for free trade agreements with 38 countries, mainly developed economies, including one with Oman expected to take effect from June 1, which would improve market access for Indian exporters.

He further emphasized reducing import dependence through domestic production, pointing to sectors like capital goods, medical devices, and value-added agriculture and fisheries, where Indian MSMEs are making progress in cities such as Rajkot, Ludhiana, Pune, and Visakhapatnam. He also mentioned that the MSME definition has been expanded to include firms with turnover up to ₹500 crore, while excluding export turnover to ensure continued benefits as they scale globally.

Goyal encouraged greater participation of women entrepreneurs and young traders, suggesting that each state should nominate 25 women entrepreneurs for the event. He also proposed installing 50–60 kiosks to promote digital payments through RuPay and UPI, describing it as a step toward a cashless and Swadeshi economy.

He described Bharat Mandapam and Yashobhoomi in Dwarka as examples of world-class infrastructure reflecting India’s capabilities and craftsmanship. He also said that government support schemes like PLI would act as initial support, but long-term success would depend on active participation from industry and trade. He concluded that India should showcase a strong model of self-reliance by the 80th Independence Day in 2027.