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Overall, Indias engineering exports dropped by 6.62% to US$ 8.75 billion in July 2023 from US$ 9.37 billion in July 2022.

The growing trend of friend-shoring and global companies China plus policy offer a big opportunity for India to diversify trade, especially to non-traditional markets of Africa and Latin America: EEPC India Chairman

The Index of Industrial Production (IIP), which measures factory output, expanded by just 1.1% YoY in March, the slowest in the last five months, due to sluggish growth of manufacturing. February IIP was revised upwards to 5.8% from the provisional figure of 5.6%. , Economy News, Times Now

The other top markets that recorded negative growth during the year included UAE, Turkey, and Thailand

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.

In the fiscal year 2022–2023, the US will continue to be India's largest export market for engineering goods, with total shipments valued at USD 18.67 billion, up 6.8% annually.

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

India’s factory output for the month of February, as measured by the Index of Industrial Production (IIP), rose 5.6% year-on-year (YoY), as per data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Wednesday., Economy News, Times Now

Indias factory output based on the Index of Industrial Production or (IIP), contracted of 4.0 per cent in month of October 2022, Ministry of Statistics and Programme Implementation data showed on Monday.

The 16th edition of the fortnightly government data roundup covers IIP estimates and CPI Numbers for October 2022 among others