India`s Engineering exports register 3.6% growth in July amid global challenges: EEPC
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The Engineering Export Promotion Council (EEPC) of India has said that 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.
The engineering goods exports were $9.04 billion in July 2024, compared to $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 $36.97 billion.
However, Engineering exports to Bangladesh fell 11.8 per cent year-on-year to $153.78 million in July 2024, as against $174.35 million in the year-ago month. The value of engineering exports to Russia declined 26.8 per cent in July this year to $90.39 million from $123.55 million in the same month last year.
