September Trade Data Shows Engineering Goods Exports are on Firm Footing

Strong economic recovery in key markets, pent-up demand and policy support have been among the key factors that continue to push engineering exports from the country, said EEPC India Chairman Mr Mahesh Desai.

"This has again reflected in September trade data with engineering goods exports recording nearly 37% growth. Given the uptrend so far in the first six months of the fiscal we would certainly meet our annual shipment target," he said.

Mr Desai said that container shortage has started easing a bit and the full impact of the recent government measure would be more visible in coming months.

"While we remain bullish in the current financial year about robust outward shipments, the performance should get further better in the coming year with the signing of early harvest trade pacts and free trade agreements with Australia, UAE and other major countries," the EEPC India Chairman said.