India sets $1 trillion export target for current year and $2 trillion target over next five years as national mission.
Exports reached $863 billion, 5% higher than previous year despite global challenges, with both goods and services increasing.
FTAs with 38 developed countries will provide preferential market access, with Oman FTA potentially effective from June 1.
Commerce Ministry urges import substitution monitoring and domestic manufacturing expansion, noting MSME definition expanded to Rs 500 crore turnover.