India’s engineering exports edge up to USD 109 bn in FY24 despite geo-political tensions

India’s engineering exports edged up to USD 109 billion in 2023-24 despite a slowdown in some of the major global markets amid geo-political tensions, EEPC said on Monday. India’s engineering exports are competitive globally and expected to gain further market share in the coming years, with the country entering into more FTAs, it added.

The apex body of engineering goods exporters expects the value of shipments from the sector to rise to USD 300 billion by 2030 and generate a significant number of jobs and foreign exchange earnings in the process.