Engineering exports from India has been growing considerably and the performance has exceeded since the birth of EEPC India. Infact, Engineering exports touched a record-high growth during Fiscal 2017-18 with over USD 76 billion exports and 16.81 percent growth over the previous fiscal. This is the highest annual exports figure in the independence period breaking the 2014-15 figure of USD 70 billion. Moreover, India managed to slightly narrow the trade deficit in engineering sector in 2017-18 vis-à-vis 2016-17. Apart from being one of the largest stakeholders contributing more than 25% of total merchandise exports, the engineering exporters are the foremost net foreign exchange earner in the country. India’s engineering exports increased by 16.8% year-on-year to US$ 76.2 billion during 2017-18 as against US$ 65.24 billion in the previous fiscal.

Trend in India’s overall merchandise exports and engineering exports
US$ Billion

Source: DGCI&S

EEPC India played instrumental role in transformation of India’s engineering export basket.

Composition of Indian Engineering Export (1956-57)

Source: DGCI&S

Composition of Indian Engineering Export (2017-18)

Today, out of total engineering exports, the proportion of consumer durables decreased from 34% in 1956-57 to 28% in 2017-18, while the proportion of capital goods increased considerably from 12% in 1956-57 to 37% in 2017-18.

During the nascent stage, Indian engineering exports were mainly confined to Asia and to a small extent to Africa. Over the years, the scenario has completely changed and as of date, about 39% of total engineering exports are made to developed countries. A table showing exports more than 39% to developed countries out of total engineering exports is given below:

Region wise Export of Engineering Goods (1956-57)

Source: DGCI&S

Region wise Export of Engineering Goods (2016-17)

Source: DGCI&S