India's engineering goods exports witnessed a remarkable 13.75% growth in November 2024, reaching $8.90 billion compared to $7.82 billion in the same month last year. This growth highlights the sector's resilience and strong global demand, with the US maintaining its position as the largest importer of Indian engineering products.
For the April-November FY25 period, cumulative exports surged to $75.47 billion, marking an 8.87% increase from $69.32 billion last year. This steady growth underscores India's strategic focus on quality manufacturing, technological advancements, and efficient supply chain management, driving competitiveness in the global market.
Engineering goods now account for an impressive 27.71% share of India's overall merchandise exports in November 2024 and 26.87% cumulatively. These numbers not only reflect the sector's vital role in India's export portfolio but also signal immense opportunities for exporters to expand their footprint across key global markets.
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