Business

India’s Engineering Exports To US Surge 18% In January

India’s engineering goods exports to the US grew 18% year-on-year in January 2025, reaching $1.62 billion, according to the Engineering Exports Promotion Council (EEPC). Overall engineering exports increased at a slower 7.44% rate during the month. The US remained India’s top export destination, followed by the UAE.

India’s engineering exports to the US rose 9% year-on-year to $15.6 billion in the April-January period of FY25. Exports to the UAE surged 56% in January to $610 million and recorded 45% cumulative growth to nearly $7 billion.

Several markets, including Germany, Mexico, Turkey, South Africa, France, Japan, Nepal, and Bangladesh, posted positive growth in January. However, exports to the UK, Saudi Arabia, Malaysia, China, Italy, and Spain declined.

Challenges Amid Global Trade Shifts

EEPC India Chairman Pankaj Chadha highlighted that despite global turmoil, conflicts, and rising protectionism, engineering exports have sustained growth. He noted that over 3,000 trade restrictions were implemented globally in 2024, according to the Global Trade Outlook 2025 by the International Chamber of Commerce (ICC).

India’s engineering exports have grown for nine consecutive months. However, the 7.44% growth rate in January was slightly lower than 8.32% in December 2024. The rise was mainly due to higher exports of aircraft, electric machinery, automobiles, industrial machinery, iron and steel products, and medical instruments. Meanwhile, shipbuilding and raw iron and steel exports fell.

Cumulatively, engineering goods exports in April-January FY25 reached $96.75 billion, registering a 10% year-on-year increase from $88.10 billion in the previous year.

Also Read: India’s First Bullet Train Project Advances With ‘Make In India’ Steel Bridge

Ajaypal Choudhary

Recent Posts

OpenAI Launches ‘OpenAI Academy India’ To Boost AI Education Nationwide

OpenAI, in collaboration with the Indian government’s IndiaAI mission, launched its first international educational platform…

8 hours ago

Mahua Moitra Confirms Marriage To Former BJD MP Pinaki Misra

Trinamool Congress MP Mahua Moitra on Thursday confirmed her marriage to senior advocate and former…

8 hours ago

PM Modi Launches ‘Aravali Green Wall’ Project On World Environment Day

PM Narendra Modi on Thursday launched the ambitious ‘Aravali Green Wall’ project by planting a…

8 hours ago

Dassault And Tata To Manufacture Rafale Fuselages In India By 2028

French aerospace giant Dassault Aviation has signed four agreements with Tata Advanced Systems Limited (TASL)…

9 hours ago

PM Modi Emphasises Indian Railways’ Role In Building A Greener Future

On the occasion of World Environment Day, PM Narendra Modi underscored the crucial role of…

9 hours ago

AIIMS Delhi, IIT Delhi To Establish Center Of Excellence For AI In Healthcare

The All-India Institute of Medical Sciences (AIIMS) and the Indian Institute of Technology (IIT) Delhi…

9 hours ago