Team Blitz India
NEW DELHI: Indian engineering exports to Russia have nearly doubled, reaching a staggering $1.22 billion in the current financial year 2023-24 up to February, compared to $616.68 million in the previous fiscal year.
According to data released by Engineering Export Promotion Council of India (EEPC), India’s engineering goods exports to China saw a marginal decline in FY24 until February, amounting to $2.38 billion compared to $2.40 billion in the same period of the previous financial year.
However, amidst the challenging global trade landscape, engineering shipments to the UAE and Australia, with which India recently inked a free trade agreement (FTA), remained positive.
