The Government of India recently published the Quick Estimate data for the month of November 2025. As per the data, in April-November 2025, India’s total engineering exports increased by more than 4 percent on a year-on-year basis as it reached USD 79.74 billion from USD 76.49 billion. The growth achieved by engineering exports was greater than that of total merchandise exports which recorded a growth of only 2.62 percent. Another remarkable feat achieved by engineering exports in November 2025 was crossing the USD 11 billion mark first time in the current fiscal– engineering exports in November 2025 recorded a significant growth of more than 23 percent as it reached USD 11.01 billion. This result is a testament to the relent less effort of the exporting community which quickly recovered from the 17 percent decline in engineering exports in October 2025. The growth story of engineering exports reflect the positive trend in global trade. As per the recently published UNCTAD Trade Update, global trade in goods and services continued to grow through the second half of 2025 and is expected to cross USD 35 trillion for the first time recording a growth of around 7 percent from 2024.

Region-wise too, India’s performance reflect that of the global trend. The UNCTAD update specifies that in 2025, South-South trade outpaced the global average as it expanded by around 8% in the last few quarters. In case of India too, exports to other developing countries have been increasing – In April-October 2025, increased in exports was noted in Saudi Arabia, South Africa, Brazil, Thailand, Vietnam, etc. Region-wise export growth was noted in North America, despite the threat of US tariffs, European Union despite the threat of CBAM, Sub-Saharan Africa, North East Asia, Latin America, South Asia, etc. Despite this positive trend, some disruptions due to the US tariff and the resulting trade diversions are expect ed. In April-October 2025, sector-wise growth was noted in iron and steel and its products, industrial machinery, electrical machinery and automobiles. In fact, automobiles recorded the fastest growth at about 12%, with their share jumping from 20.1% to 22.2%, driven mainly by strong car and two/three-wheeler exports. Other engineering products (like construction machinery, medical instruments, railway items, bicycles, and misc. items) grew about 8%, nudging their share up from 12.2% to 13.0%. Decline was noted in aluminium and its products - exports declined in South Korea, ASEAN and EU countries due to factors including low er demand, greate diversion due to the US tariff and expansion of capacity in ASEAN. High cost of compliance with CBAM documentation is also affecting exports to the EU. Aircraft, spacecraft, and Ship and Boats exports contracted sharply (around 36% and 75% respectively), pulling down their contribution to total engineering exports.

In these dynamic times, the support of the government becomes very important for the industry. Therefore, let me take this opportunity to express my gratitude to the Government of India for approving the Export Promotion Mission (EPM) with an outlay of INR 25060 crore from 2025-26 to 2030-31. It is launched as a flagship initiative which brings together various export promotion schemes that were earlier fragment under a single out-come based approach which can respond swiftly to the ever changing global trade dynamics. Apart from the Export promotion Mission, government additionally allocated INR 20, 000 crore for eligible exporters through National Credit Guarantee Trustee Company Lim ited (NCGTC). To avail this exporters need to satisfy a minimum export criteria. The scheme is aimed at boosting global competitiveness of Indian exports and supporting exploration of new markets. This has been a timely decision on behalf of the government given the rising uncertainty in global trade.

The bilateral or multilateral trade agreements also play an important role for the development of a country’s export. The FTAs with UAE, Australia and the UK have been positive for the exporting community. We sincerely hope that the upcoming FTAs with EU and Canada and the BTA with US will also be instrumental for us. The newly signed FTA with Oman also promises positive windfall for the Indian exporters. The industry is also optimistic about the proposed FTA with Mexico.

In the coming year, 2026, EEPC will be participating in a number of shows to showcase India’s engineering prowess. These would include World Health Expo in Dubai, Internation al Hardware Fair in Germany, Solar & Storage Live in South Africa, etc. At the same time EEPC will also be the coordinating agency in the upcoming Bharat Electricity Summit 2026 Technical Conference, taking place from 19–22 March 2026 at Yashobhoomi, Dwarka, New Delhi. Held under the patronage of the Minis try of Power, Government of India, it will be India’s premier platform for the power and electricity sector. I welcome you all to join these exhibitions and expand your product’s reach.