India targets $2T exports as Bharat Vyapar Mahotsav launches Swadeshi push with CAIT

Commerce Minister Piyush Goyal unveiled Bharat Vyapar Mahotsav with CAIT to showcase Indian-made goods across Delhi, Rajkot, Ludhiana, Pune and Visakhapatnam. The initiative targets $2 trillion in exports over five years from $863 billion today, raises MSME turnover cap to ₹500 crore, and deploys RuPay/UPI kiosks to accelerate cashless retail and import substitution.

— Source publishedMon, 18 May, 2026, 15:40 IST·First seen Mon, 18 May, 2026, 15:47 IST·Source The Hindu BusinessLine

What happened

Confederation of All India Traders (CAIT) · Commerce Minister Piyush Goyal launched Bharat Vyapar Mahotsav, a Swadeshi trade fair with CAIT showcasing

Key facts

  • $2 trillion exports target
  • $863 billion current exports
  • $1 trillion FY target
  • ₹500 crore MSME turnover cap
  • 38 FTA countries
  • 1000 businesses
  • 86 days to launch

Why this matters

Accelerate sourcing partnerships and minority stakes in MSMEs newly eligible under the ₹500 crore cap, since Swadeshi tailwinds and CAIT distribution access could compress acquisition windows over the next 12-18 months.