Kolkata, Jan. 29 -- Driven primarily by higher shipments of iron and steel and improvement in demand from some key markets, India's engineering exports rose 4.91 per cent year-on-year to US$ 25.98 billion in the October-December quarter (Q3) of the current financial year 2023-24, according to EEPC India.
Engineering goods worth US$ 24.76 billion had been exported in the corresponding quarter of 2022-23.
After a year-on-year decline in November 2023, engineering exports from India came back to a growth path once again with a record high monthly shipment
in 2023-24 at US$ 10.04 billion in December 2023. For the first time in fiscal 2023-24, Indian engineering exports crossed US$ 10 billion.
"After a dip in November 2023, India's engineeri...