India’s engineering goods sector delivered a resilient performance in April, with exports climbing 8.78 percent year-on-year to $10.35 billion, EEPC India data revealed. The increase occurred even as tensions in West Asia complicated logistics and production schedules.
Leading the charge were aluminium and copper products, which grew 38 percent and 80 percent respectively. Electrical machinery exports rose 9.5 percent, and two- and three-wheeler shipments increased 36 percent. Auto-component exports advanced 7.2 percent.
Twenty-eight of the 34 tracked product panels recorded annual growth. Chadha highlighted the positive impact of the India-Oman trade agreement on exports to that market, partially offsetting softness in the wider WANA region.
The US, UK, and Germany remained primary destinations, while shipments to the UAE, Singapore, and Saudi Arabia declined. Exports to China soared 81.7 percent. North America grew 7.1 percent and the EU 13 percent.
The sector’s contribution to overall merchandise exports eased marginally to 23.8 percent, underscoring the importance of resolving market-access issues to sustain momentum through the rest of the fiscal year.
