India engineering exports rise 4.86 percent to $122.4 billion in FY26

9 articles · Updated · The Economic Times · Apr 23

March engineering exports increased 1.13% to $10.94 billion, with the US remaining the largest market at $19.6 billion despite tariffs up to 50%.
Growth was driven by higher shipments of vehicles, copper, and steel, overcoming disruptions from Middle East geopolitical crises and blocked sea routes.
India’s export resilience in North America, Europe, and Latin America highlights the importance of market diversification and policy support for sustaining momentum amid global trade challenges.

How did India achieve record exports despite a 50% collapse in a key market?

After new tariff deals, what is the next chapter for US-India trade relations?

Is India's export boom a sustainable trend or a temporary geopolitical advantage?

Is India truly emerging as the world's next great manufacturing and sourcing destination?

How can Indian businesses claim their share of the $4 billion in US tariff refunds?

With Mideast routes disrupted, can the new India-Europe corridor offer a real alternative?