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Trends in India's Engineering Trade
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Indian engineering exports continued its growth run for the fourth month in a row to August 2024 touching exports at US$ 9.44 billion in August 2024.
In August 2024, 20 out of 34 engineering panels witnessed positive year-on-year growth, while 14 remaining engineering panels experienced decline.
The top five export destinations USA, UAE, Saudi Arabia, Turkey, Singapore, UK, Mexico, etc. experienced positive growth in April-Aug 2024-25.
Region wise, North America and European Union remained India's top two destination with a total 40% share in India's total engineering exports. West Asia and North Africa (WANA) registered the highest growth of 23.5% during April-August 2024-25 vis-à-vis
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