New Delhi, Sept. 6 -- India's engineering exports to the United States are expected to decline by USD 7.5-8 billion following the imposition of 50 percent tariffs, underscoring the urgent need for government intervention and support.
"The business is down 50 percent. After frontloading of exports before the full tariff impact took effect, new orders are not coming," said Pankaj Chadha, Chairman, Engineering Export Promotion Council (EEPC), as quoted by the Financial Express.
In 2024-25, India's engineering exports to the US stood at USD 20 billion, comprising USD 5 billion of steel and aluminium products, USD 2.6 billion of auto exports, and USD 12.5 billion of other engineering goods.
Exports of steel and aluminium are projected to fa...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.