Engineering goods remain a cornerstone of India’s export economy

India’s engineering goods exports have reached an unprecedented high of US$122.43 billion in the financial year 2025–26, marking a growth of around 5 per cent compared with the previous year, reports IANS, a partner of TV BRICS.

In March 2026, engineering shipments recorded a 1.1 per cent year-on-year increase, reaching US$10.94 billion. Government policy support and proactive industry strategies were cited as key factors behind the record achievement. Enhanced trade facilitation measures and the strategic use of international trade agreements enabled exporters to access new markets, experts claimed.

Engineering goods – ranging from machinery and transport equipment to industrial components – remain a cornerstone of India’s export economy and a critical driver of manufacturing growth and employment.

Looking ahead, the outlook for FY 2026–27 remains optimistic. According to the source, the record performance reinforces India’s position as a key global supplier of engineering products and reflects the country’s broader ambitions to enhance its manufacturing competitiveness and international trade presence.

African Times published this article in partnership with International Media Network TV BRICS