Export of engineering goods drops 14.6% in Nov

Engineering goods exports declined sharply by 14.60 per cent month-on-month in November.

Engineering goods exports declined sharply by 14.60 per cent month-on-month in November,raising questions on the sustainability of recovery in exports.

According to engineering exporters body EEPC India,engineering export basket,which covers a variety of items ranging from automobiles,iron & steel and components of nuclear reactors and spacecraft,stood $4.78 billion during the month compared to $5.6 billion in October.

What is causing more concern is that they have declined month on month … raising doubts whether recovery which began in the second quarter of this fiscal can be sustained, Anupam Shah,chairman,EEPC,said.

Subscriber Only Stories

View All