India's engineering exports reach record $122.43 billion despite geopolitical disruptions
Updated
Updated · WION · Apr 26
India's engineering exports reach record $122.43 billion despite geopolitical disruptions
7 articles · Updated · WION · Apr 26
Exports to the US rose to $19.60 billion despite Trump tariffs, while West Asia and North Africa markets collapsed 50.7% in March 2026 due to the Hormuz Strait closure.
The UAE and Saudi Arabia saw full-year declines of 10% and 13% respectively, with the WANA region overall down 8%. Government launched the Rs 497 crore RELIEF scheme to offset war-related logistics costs.
Engineering goods now comprise 27.71% of India's total exports, rising to 28.11% in March. Achieving the 2030 target of $250 billion will require continued resilience, diversification, and policy support amid ongoing global uncertainties.
As India's exports hit a record high, why is one key region facing a total collapse?
Can a Rs 497 crore relief fund truly save Indian exporters from the Hormuz crisis?
Is the ongoing Iran war about to trigger a wider economic crisis for India?
Are India's small businesses the biggest victims of the Strait of Hormuz crisis?
India's new EU trade deal promises billions, but could a new carbon tax derail it all?
Why does Turkey fear India's new EU trade deal will severely harm its own economy?
How India’s Engineering Sector Achieved $122.43 Billion in Exports Amid West Asia Crisis
Overview
In FY 2025-26, India's engineering goods exports reached a record $122.43 billion despite severe disruption from the West Asia conflict in February 2026, which caused exports to the WANA region to plunge over 50% in March. The conflict also immobilized vital stockpiles in UAE warehouses, amplifying trade challenges. However, growth in exports to the US and diversified markets like China and Singapore, along with a strategic product shift towards motor vehicles and electric machinery, helped sustain overall growth. The government's swift RELIEF Scheme and exporters' supply chain adaptations prevented a steeper decline, while supportive monetary policy and strong GDP growth provided a stable foundation. Looking ahead, cautious optimism prevails with continued focus on diversification, infrastructure, and trade agreements.