In October, Indian engineering exports to key markets, including the US, UK, and UAE, experienced positive growth, according to the Engineering Exports Promotion Council (EEPC) India.
![Indian engineering exports surge in October with US and UK among top gainers 1 Indian engineering exports surge in October with US and UK among top gainers](https://ddo8buvcx9oy1.cloudfront.net/wp-content/uploads/2023/11/29221952/Indian-engineering-exports-surge-in-October-with-US-and-UK-among-top-gainers.webp)
The US recorded a 2.2 percent YoY increase, reaching USD 1391.5 million, while Germany saw a substantial rise of 20 percent at USD 342.7 million. Overall, engineering exports from India in October amounted to USD 8,094.20 million, marking a 7.2 percent YoY increase.
However, cumulative engineering exports for April to October 2023 registered a 1.61 percent decline. EEPC highlighted challenges faced by the metal sector due to reduced demand in developed countries, primarily the European Union, and market barriers impacting Indian exporters.