Key facts
- India's engineering exports increased by 24.48% to $12.31 billion in May 2026.
- Cumulative exports for April-May 2026-27 reached $22.66 billion, marking a 16.8% growth.
- The Engineering Export Promotion Council (EEPC India) highlighted the sector's adaptability.
- EEPC India Chairman Pankaj Chadha acknowledged ongoing challenges despite a US-Iran peace deal.
India's engineering exports experienced a significant surge of 24.48% year-on-year in May 2026, reaching a value of $12.31 billion. This growth occurred despite regional conflicts and trade disruptions, according to EEPC India. The cumulative exports for the April-May period of the financial year 2026-27 stood at $22.66 billion, representing a 16.8% increase compared to the corresponding period last year.
EEPC India stated that the sector has demonstrated adaptability to the dynamic external situation, with timely government support and trade facilitation measures playing a crucial role. Pankaj Chadha, Chairman of EEPC India, noted that challenges remain, particularly concerning the impact of a US-Iran peace deal, which is expected to take time to materialize and affect the energy market and its downstream effects.