Increase in value-added exports and more FTAs with important trade partners especially in Latin America key for trade diversification: EEPC India Chairman
India s engineering
goods including steel and machinery exports rose 10.7%
year-on-year in March to $11.28 billion, growing in double
digits for the second straight month, despite ongoing. -April 25, 2024 at 08:53 am EDT
- MarketScreener
From toys, footwear and furniture to insulated flasks, smart meters, and air coolers - the Central government over the last decade has mandated higher standards for production and imports of such items.
Sample this: Till 2014, there were 14 Quality Control Orders (QCOs) covering 106 products.
By the latest count, there are 156 QCOs on 672 products.
Surge in shipments to WANA, CIS countries push engineering exports in FY24 : EEPC India uniindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from uniindia.com Daily Mail and Mail on Sunday newspapers.
India s engineering goods exports, including steel and machinery, increased by 10.7% YoY to $11.28 billion in March, despite supply issues caused by disruptions in shipping through the Red Sea. In the 2023/24 financial year, engineering goods exports rose 2.13% to $109.3 billion. However, global demand slowdown, Russia-Ukraine war, and Middle East conflict have impacted exports. India s merchandise exports fell to $437 billion, while automobile exports declined 5.5%.