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Commerce and Industry Minister Piyush Goyal on Monday asked the industry to identify goods that can be manufactured in India to help reduce import dependence of those products. He also suggested increasing exports and buy goods manufactured in India, rather than importing them. Addressing domestic traders, he said, "You should keep an eye on what goods are being imported, you will see opportunities in that too, what things can be manufactured in India." Goyal urged stakeholders to study import trends through the commerce ministry's trade portal and identify opportunities for domestic manufacturing and import substitution. The minister said despite global economic uncertainties, triggered by Russia-Ukraine and West Asia crisis, India's exports rose about 5 per cent to USD 863.11 billion in 2025-26. "This year's target is USD 1 trillion. This is a big target. We have to work together for this," Goyal said, adding that the industry should focus on quality, improving competitiveness a
India's annual defence exports touched an all time high of Rs 38,424 crore in the financial year 2025-26, marking an over 62 per cent growth over the previous fiscal, Defence Minister Rajnath Singh said on Thursday. The "big jump" in the defence exports reflected the growing "global trust" in India's indigenous defence capabilities, Singh said in a social media post, adding the country is "scripting an impressive defence exports success story." "India defence exports have touched a new all time high with a record Rs 38,424 crore in FY 2025-26. It marks a robust 62.66 per cent growth over the previous fiscal," the defence minister said. "This big jump of Rs 14,802 crore in defence exports reflects the growing global trust in India's indigenous capabilities and advanced manufacturing strength," he said. With DPSUs (defence public sector undertakings) contributing 54.84 per cent and private industry 45.16 per cent, this milestone showcases the power of a collaborative and self-relian