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Piyush Goyal Announces Export Growth Plan at LEAPS 2025 Awards

📅 May 14, 2026 at 2:51 PM ✍️ 👁 12,450 views ✅ Exam Relevant
Piyush Goyal Announces Export Growth Plan at LEAPS 2025 Awards © Odisha Forest Dept.
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Union Commerce and Industry Minister Piyush Goyal set an ambitious USD 1 trillion export target for the current financial year while addressing the LEAPS 2025 Awards and releasing the LEADS Report 2025, calling the moment "Our Time Under the Sun.

What is the News?

Union Commerce and Industry Minister Piyush Goyal addressed the Logistics Excellence, Advancement and Performance Shield (LEAPS) 2025 Awards in New Delhi, where he unveiled an ambitious export growth roadmap for India.


The Export Target and Rationale


India achieved record exports of USD 863 billion in 2025‑26. For the current financial year (2026‑27), Goyal set a target of USD 1 trillion — a gap of USD 137 billion — which he described as "not impossible" to bridge. Services exports grew roughly 8.5–9% in 2025‑26, while overall exports expanded nearly 5%.


LEADS Report 2025 — Key Rankings

Released alongside the awards, the LEADS Report introduced a revised four‑tier framework.

CategoryTop Performer (Exemplar)
Coastal StateTamil Nadu
Landlocked StateUttar Pradesh
North‑Eastern StateMizoram
Union TerritoryDelhi

🎯 Test Your Knowledge

Practice MCQs based on the current affairs covered above.

1. Union Minister Piyush Goyal set an export target of USD 1 trillion at which event in May 2026?

  • A) Vibrant Gujarat Summit
  • B) LEAPS 2025 Awards
  • C) World Economic Forum
  • D) G20 Trade Ministers' Meeting

2. What was India's total export value in 2025‑26, as cited by Minister Goyal?

  • A) USD 500 billion
  • B) USD 750 billion
  • C) USD 863 billion
  • D) USD 1 trillion

3. The Jan Vishwas Bill, cited by Goyal as a key reform, primarily deals with:

  • A) Tax rationalisation
  • B) Decriminalisation of minor offences
  • C) Labour law consolidation
  • D) Agricultural market reforms

4. As per the LEADS Report 2025, which state was ranked as the top‑performing coastal state?

  • A) Gujarat
  • B) Maharashtra
  • C) Kerala
  • D) Tamil Nadu