New Delhi, Dec. 26 -- India's ambition of exporting goods and services worth USD 1 trillion by the end of FY26 is looking difficult to achieve, according to an assessment by the Global Trade Research Initiative (GTRI).

The analysis points to a widening gap between policy targets and prevailing economic realities, shaped by a weak global trade environment and unresolved domestic structural challenges.

Merchandise Exports Lag, Services Show Resilience

While services exports, driven by information technology and business services, have continued to grow steadily, merchandise exports have struggled to regain momentum.

Slow demand in key markets such as the United States and Europe, combined with geopolitical uncertainty and ongoing supply...