Engineering Goods Exports Up by 37% year-on-year in November, Hits USD 8 bn and 27% share in the total exports

Engineering goods shipments have continued the growth momentum and driven the overall exports in the month of November. Given the order pipeline from key markets, we expect to close the current financial year with record exports, said EEPC India Chairman Mr Mahesh Desai.

Engineering goods exports grew 37% year-on-year in November to USD 8 billion and had 27% share in the total exports from the country.

"There are downside risks in the wake of a new variant of concern but given the experience of handling the virus for almost two years now, countries would unlikely resort to stringent border movement restrictions, '' Mr Desai said.

"In that case we don't see the ongoing export flow getting disrupted," he added.