Business Standard

India's engineering exports rise to $122 bn in FY26: Govt official

India's engineering exports have leapt from $70 billion in the financial year 2014-15 to $122.43 billion in FY 2025-26, which is a powerful validation of the country's development and progress, a senior official said on Monday. Addressing a press conference in Panaji, Vimal Anand, Joint Secretary of Department of Commerce, said that the remarkable rise in the sector over the past 12 years reflects growing strength, competitiveness and resilience of the country's manufacturing and export ecosystem. He said that engineering exports have expanded from nearly $70 billion in fiscal 2015 to $122.43 billion in the financial year ending March 31, 2026. Their share in India's merchandise exports has steadily increased from about one-fifth of total exports to nearly 28 per cent, reaffirming the sector's position as the largest contributor to the country's merchandise export basket, the official said. He said that this growth has been achieved despite an increasingly complex global trade ...