Import value of earthmoving and mining machinery India FY 2016-2022
The import value of earthmoving and mining machinery across India was over 13 billion Indian rupees in fiscal year 2022. The machine tool and heavy engineering sector forms a part of the capital goods segment. The industry provided approximately 1.4 million direct and seven million indirect employment opportunities. By 2022, the Indian electrical equipment industry was targeted to reach a market size of 100 billion U.S. dollars.