Engineering exports register 3.6% growth in July amid global challenges

Despite a challenging global environment, India's engineering goods exports continued their upward trajectory in July with a 3.6 per cent year-on-year growth, reflecting the sector's resilience, EEPC said on Friday.

The Engineering Export Promotion body EEPC India chairman Arun Kumar Garodia said the engineering goods exports were USD 9.04 billion in July 2024, compared to USD 8.72 billion a year ago month.

However, exports to countries like Bangladesh and Russia recorded a decline during the month under review.

"The sector's cumulative exports for the April-July period also witnessed a healthy 4.18 per cent increase to USD 36.97 billion," Garodia said.

Engineering exports to Bangladesh fell 11.8 per cent year-on-year to USD 153.78 million in July 2024, as against USD 174.35 million in the year-ago month, EEPC said in a statement.

The value of engineering exports to Russia declined 26.8 per cent in July this year to USD 90.39 million from USD 123.55 million in the same month last