Indian Economy News

Bharat Mobility Expo gaining global recognition, third edition to be the second largest such expo in the world: Commerce and Industry Minister Mr. Piyush Goyal

Union Minister of Commerce and Industry Mr. Piyush Goyal stated that the third edition of the Bharat Mobility Global Expo could emerge as one of the world’s largest mobility exhibitions. The remarks were made at the expo’s curtain raiser in New Delhi on November 10, 2026. Scheduled from February 4 to 9, 2027, at Bharat Mandapam and Yashobhoomi, the expo is expected to bring together over 1,750 exhibitors, 11 concurrent shows and more than 10 lakh visitors across over 2.5 lakh square metres of exhibition space. Mr. Piyush Goyal urged the organisers to attract at least 25,000 international visitors. Industry stakeholders were also called on to look beyond the domestic market and tap global export opportunities to achieve economies of scale and global price competitiveness.

India is well on track to achieve its target of Rs. 94.71 lakh crore (US$ 1 trillion) in exports in FY27, having already achieved approximately Rs. 45.46 lakh crore (US$ 480 billion) by September. The engineering sector has recorded growth of around 22%. The scale of the domestic market was also highlighted, with one million cars sold during Navratri and around 70,000 cars over the two days of Dhanteras. Mr. Piyush Goyal noted that the European Union is expected to open for Indian businesses at zero duty by March or April 2027. Once ongoing negotiations with seven to eight more countries conclude, India will have preferential access to markets accounting for nearly 75% of global gross domestic product (GDP). 

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