Chairman of EEPC India, Arun Kumar Garodia highlights that in the last few months, engineering exports from India have been on a steady growth path. In February 2024, India's engineering exports reached USD 9.94 billion. "The remarkable performance of the sector in the last three months made it possible for the cumulative exports to also record a growth," says Garodia.
During February 2024, engineering exports was recorded at USD 9,941.37 million as against USD 8,577.49 million in February 2023. This was the second highest export in fiscal 2023-24 after December 2023. Cumulative engineering exports started narrowing down and now witnessed growth as it was recorded at USD 98,038.18 million during April-February 2023-24 as against USD 96,846.36 million during April-February 2022-23, securing 1.23 percent growth. The share of engineering exports in India's total merchandise exports increased to 24.01 per cent in February 2024 from 23.75 per cent in January 2024. On a cumulative basis, the share was 24.82 per cent during April-February 2023-24.
This story is from the March 27, 2024 edition of The Business Guardian.
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This story is from the March 27, 2024 edition of The Business Guardian.
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