India's Engineering Exports Reach $122.43 Billion in FY26

Engineering products continued to strengthen their position in India's export landscape during FY26, with overseas shipments reaching a record $122.43 billion, as per PTI news report.  

The sector has steadily expanded its contribution to the country's trade basket over the past decade, supported by broader market reach and growing global acceptance of Indian-made products. 

Engineering Sector Strengthens Export Contribution 

The value of India's engineering exports has increased significantly from around $70 billion in FY2014-15 to $122.43 billion in FY2025-26.  

This growth has elevated the sector's share in the country's merchandise exports from about one-fifth to nearly 28%. 

As a result, engineering goods have retained their position as the largest contributor to India's merchandise export basket.  

The expansion reflects the increasing scale of India's manufacturing ecosystem and the ability of domestic producers to compete in international markets. 

Speaking at a press conference in Panaji, Vimal Anand, Joint Secretary, Department of Commerce, said the sector's progress over the last 12 years demonstrates the growing strength, competitiveness and resilience of India's manufacturing and export ecosystem. 

Global Demand Supports Market Expansion 

Indian engineering products have expanded their presence across several major international markets.  

North America, the European Union and other advanced economies continue to be important destinations for these exports. 

The broader export basket has also become more diversified over time, reducing dependence on a limited set of products or regions.  

According to Anand, the growing acceptance of Indian engineering goods reflects improvements in product quality, reliability and competitiveness. 

The performance is particularly notable given the challenging global trade environment, which has been affected by geopolitical tensions, supply chain disruptions and evolving market conditions in recent years. 

Exports Continue to Drive Economic Activity 

Exports remain an important contributor to economic growth, employment generation and integration into global value chains.  

The engineering sector's expansion highlights its role in supporting industrial development and strengthening India's position in international trade. 

Anand noted that continuous engagement with industry stakeholders has helped identify emerging challenges and support export growth through timely interventions.  

This collaborative approach has contributed to the sector's ability to adapt to changing global conditions while maintaining momentum. 

Read More: India Plans Fisheries Product Passport to Boost Traceability and Exports! 

Conclusion 

India's engineering exports have more than doubled over the past decade, reaching $122.43 billion in FY26 and accounting for nearly 28% of merchandise exports. The sector's continued growth underscores its importance to the country's manufacturing base, export performance and long-term economic development.   

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