India's engineering goods exports surge 10.55% in September
In September 2024, engineering exports increased to US$9.82 billion from US$8.89 billion in the same month last fiscal year, securing 10.55 percent year-on-year growth, according to the industry body Engineering Exports Promotion Council (EEPC).
Cumulative engineering exports during April-September 2024-25 were recorded at US$ 56.23 billion as against US$ 53.42 billion during the same period of the last fiscal, registering an increase of 5.25 percent.
The decline in iron and steel exports moderated to just 2 percent during September 2024, contributing to higher overall growth of engineering exports in the month concerned. Excluding the export of iron and steel, engineering exports recorded a higher growth both on a monthly as well as a cumulative basis. Exports of iron and steel conceded a 2.1 percent year-on-year decline in September 2024 and a 26.1 percent year-on-year decline during April-September 2024-25.
Notably, the share of engineering in India's total merchandise exports in September 2024 increased to 28.41 percent from 27.20 percent in August 2024 and 26.60 percent in July 2024. Cumulative share stood at 26.37 percent during April-August 2024-25.
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