Page 3 - Engineering Goods News Today

The US remains the top destination for India's engineering goods exports in the financial year 2022-23 with total shipments value recording 6.8 per cent year-on-year growth to USD 18.67 billion.

The country’s imports in merchandise sector rose by over $ 100 billion in FY 2022-23.

India’s engineering goods exports to the US declined 7% in December, and shipments to China continued a downward trend

Pakistan’s total exports of goods and services remain stagnant at average around $30 billion annually for the last ten years. In spite of tall claims and high target settings each year, the government has not been successful in increasing exports...

India’s exports remained subdued in  August  falling  vis-à-vis July and the same month last year.Lower exports of petroleum products and engineering goods were among the dampeners

Exports up 37.57% to $9.32 bn during April 1-7: Commerce Ministry

Exports remained above $30 billion for twelve consecutive months during April 2021 to March 2022.

Merchandise exports from India have reached $ 417.8 billion in the financial year 2021-22, exceeding the target of $ 400 billion.

India achieved its merchandise export target of $400 billion for FY22, backed by strong performance in petroleum products, precious and semi-precious stones, engineering goods, drugs and pharmaceuticals. Mint examines what the milestone means for the economy.

Shri Goyal said that the whole of govt approach had been taken to the next level to whole of country approach to acheive this remarkable target. He also said that the achievement was not just about meeting targets but about building confidence and about exploring new markets. �� India Achieves $400 Billion Merchandise Exports Well Before Target Date, Says Union Minister Piyush Goyal.