Engineering Exports Dip for First Time Since Last April

Dragged down by iron, steel, aluminum and copper, India's engineering goods exports declined from $9.94 billion in February last year to $9.08 billion the same month this year, down 8.62 per cent year-on year (Y-o-Y), according to the Engineering Export Promotion Council (EEPC) India.

- BS REPORTER

This marked the first drop in monthly shipment of engineering goods since April 2024, ending a nine-month growth streak, the industry body said on Monday.

"Cumulative growth as a consequence has also moderated to 7.97 per cent, but the possibility of achieving a new all-time high in engineering exports in 2024-25 (FY25) is almost certain," the association assured.