India's engineering exports hit record of $122.43 billion in FY26

Vimal Anand, Joint Secretary of Department of Commerce, has said that India's engineering exports have witnessed a significant surge, rising from around $70 billion in the 2014-15 fiscal year to a record $122.43 billion in 2025-26 (FY26). The remarkable rise in the sector over the past 12 years reflects the expanding strength, resilience, and global competitiveness of the country's manufacturing sector.

He said 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. He noted that the sector has demonstrated exceptional resilience despite global geopolitical uncertainties, supply chain disruptions and changing trade dynamics.

He further said that the engineering export basket has become increasingly diversified over the years, with Indian products establishing a strong presence across major global markets, including North America, the European Union and other advanced economies. The development reflects the quality, reliability and global competitiveness of Indian engineering goods.

Emphasising that exports remain an important driver of economic growth, employment generation and integration into global value chains, he stated that the government has adopted a proactive and consultative approach towards export promotion, maintaining continuous engagement with industry stakeholders to understand emerging challenges and respond through timely policy interventions.

(Agency inputs)