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Trends in India's Engineering Trade
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Indian engineering exports crossed the US$ 10 billion mark and reached exports at US$ 11.19 billion in October, witnessing a continued growth of 38.53%
In October 2024, 33 out of 34 engineering panels witnessed positive year-on-year growth, while only 1 panel experiencing decline.
The top five export destinations USA, UAE, Singapore, Saudi Arabia, Germany, etc. experienced positive growth in April-Oct 2024-25.
Region wise, North America and European Union remained India's top two destination with a total 38% share in India's total engineering exports. Highest growth observed in ASEAN, WANA and EU in October 2024.
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