Key Takeaways
- India’s engineering exports grew 7.4% year-on-year in January 2025, with EEPC India attributing the growth to the sector’s adaptability to changing global trade scenarios. **EEPC India** chairman Pankaj Chadha said the growth is a significant development, considering the challenges faced by the sector.
- The current growth rate of India’s engineering exports is 7.4% year-on-year in January 2025. **Pankaj Chadha**, chairman of EEPC India, said the growth is a result of the sector’s adaptability to changing global trade scenarios.
- The recent visit of **Prime Minister Narendra Modi** to the US has created a conducive atmosphere for trade dialogue, reducing the likelihood of impending tariff threats from the Trump administration.
Kolkata: India’s engineering exports continue to show resilience despite several
external challenges, according to EEPC India.
EEPC India chairman Pankaj Chadha on Wednesday said sustaining the growth momentum, engineering goods shipments during January 2025 stood at $9.41 billion, a growth of 7.4
percent year-on-year compared to $8.76 billion in the same month last year.
“For the ninth straight month, India’s engineering sector has shown positive growth, making it a key driver of merchandise exports. The sector’s adaptability to changing global trade scenarios has been a significant factor in its steady growth.
On a cumulative basis, engineering exports grew 9.8 pc year-on-year to $96.74 billion in the April-January period of the current financial year 2024-25 as against $88.09 billion in the corresponding period a year ago, he pointed out.
“The conducive atmosphere for trade dialogue created by the recent visit of Prime Minister Narendra Modi to the US suggests there is no impending tariff threat from the Trump administration. This is quite a significant development considering that the US is the topmost destination for India’s engineering exports,” Chadha said in a statement.
“We remain hopeful about India and the US signing a trade deal by the end of the year and therefore stay optimistic about the export outlook going forward. There are other bilateral trade deals also in the pipeline such as those with the UK and the EU,” he concluded.
