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The Engineering Exports Promotion Council (EEPC) has said that engineering goods exports from India reached its all-time high of $116.67 billion in fiscal 2024-25, surpassing the previous high of $112.10 billion achieved in fiscal 2021-22. The value of total engineering exports stood at $109.30 billion in 2023-24.

It states while the US remained the top destination for Indian engineering exports in 2024-25, significant export growth was also noted in the UAE, Singapore, Nepal, Japan, and France. Engineering goods exports to the US grew 8.7 per cent to $19.15 billion in 2024-25 from $17.62 billion in 2023-24.

Notably, engineering exports outweighed the broader merchandise exports in terms of growth as India's exports saw a marginal 0.08 per cent year-on-year increase in 2024-25. As a result, the share of engineering exports in India's overall merchandise exports increased to 26.67 per cent in 2024-25 from 25.01 per cent in the previous fiscal.

Pankaj Chadha, Chairman, EEPC India, said ‘The performance of Indian engineering exports was remarkable in 2024-25 as it came during a period of extreme global uncertainty following geopolitical disturbances and economic slowdown in major developed and emerging nations. This was further aggravated by US President Donald Trump's decision to raise import duty on dozens of its trade partners, including India.