Engineering exports up 54% to $82 billion in April-December, says Union Commerce Ministry


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India’s top five export destinations for engineering goods include the US, China, the UAE, Italy and Germany. Exports of engineering goods rose 54 per cent to USD 81.8 billion during April-December 2021-22 as compared to the same period of the previous year, the commerce ministry said on Monday. In the corresponding nine-month period of 2020-21, exports stood at USD 52.9 billion. The sector accounted for over 27 per cent in India’s total exports basket during the period. In entire 2020-21, exports from the sector was USD 76.62 billion. “With the sector already logging USD 81.8 billion in the first three...