Whats New?
India's engineering exports for April-March 2022-23 conceded 4.6% decline over the same period last month as it dropped to USD 107.0 billion from USD 112.2 billion in April-March 2021-22.
Engineering exports in March 2023 recorded at USD 10.2 billion as against USD 11.0 billion in March 2022.
22 out of 34 engineering panels recorded positive growth during Apr-March 2022-23 over the same period last fiscal. Major decline was witnessed in iron & steel segment, Copper and Aluminium from Non-ferrous segment, Two-three wheelers, Railway Transport,
Top five export destinations which witnessed positive growth during March 2023 were Italy, Singapore, Mexico, Saudi Arabia and Turkey.