Cumulatively, engineering exports during April-May 2026-27 stood at USD 22.66 billion, a growth of 16.8 per cent over USD 19.40 billion in the corresponding period of the previous year.
EEPC India Chairman Pankaj Chadha said the sector had “successfully navigated through a very challenging period” and maintained positive growth despite the West Asia conflict and resultant trade disruptions.
“The trend clearly shows adaptability of the engineering community to the dynamic external situation,” Chadha said, adding that government support and trade facilitation measures had played a crucial role.
He, however, cautioned that challenges remained even as a peace deal between the US and Iran had been announced.
“It will take time for the deal to bear fruit considering the widespread disruption in the energy market and its ripple effect down the line,” he said.
Chadha stressed that maintaining current momentum would need continued focus on the market as well as product diversification.