India exported engineering goods worth more than 5.6 trillion Indian rupees in fiscal year 2021, an increase from the previous fiscal year. The engineering products accounted for one-fourth of the country's total merchandise exports, and the United States was its leading importer. These included iron and steel products, non-ferrous metals, industrial machinery, and automobiles, among others.
India in global exports
The country’s share of commercial service exports globally was higher than the share of merchandise exports. However, the share of merchandise exports has been stable since 2015. Among the various goods exported that year from India, the leading commodities included petroleum products and gems and jewelry, apart from engineering goods.
EEPC India
To promote foreign trade and invest in the engineering sector, EEPC India – formerly known as Engineering Export Promotion Council was established by the Indian government way back in 1955. Apart from contributing to policies, it also acts as an advisory body between the engineering industry and the government. It is currently the largest trade promotion organization in the country, with over 13,000 members belonging to engineering companies, corporate houses, and small/medium enterprises. SMEs accounted for about 60 percent of their members.
Value of engineering goods exports in India from financial year 2011 to 2019, with estimates until 2021
(in billion Indian rupees)
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Reserve Bank of India. (September 15, 2021). Value of engineering goods exports in India from financial year 2011 to 2019, with estimates until 2021 (in billion Indian rupees) [Graph]. In Statista. Retrieved May 19, 2022, from https://www.statista.com/statistics/624183/export-value-of-engineering-products-india/
Reserve Bank of India. "Value of engineering goods exports in India from financial year 2011 to 2019, with estimates until 2021 (in billion Indian rupees)." Chart. September 15, 2021. Statista. Accessed May 19, 2022. https://www.statista.com/statistics/624183/export-value-of-engineering-products-india/
Reserve Bank of India. (2021). Value of engineering goods exports in India from financial year 2011 to 2019, with estimates until 2021 (in billion Indian rupees). Statista. Statista Inc.. Accessed: May 19, 2022. https://www.statista.com/statistics/624183/export-value-of-engineering-products-india/
Reserve Bank of India. "Value of Engineering Goods Exports in India from Financial Year 2011 to 2019, with Estimates until 2021 (in Billion Indian Rupees)." Statista, Statista Inc., 15 Sep 2021, https://www.statista.com/statistics/624183/export-value-of-engineering-products-india/
Reserve Bank of India, Value of engineering goods exports in India from financial year 2011 to 2019, with estimates until 2021 (in billion Indian rupees) Statista, https://www.statista.com/statistics/624183/export-value-of-engineering-products-india/ (last visited May 19, 2022)