Engineering exports poised to cross $120 billion in FY26: EEPC Chairman

Engineering goods exports have shown notable resilience over the past several months despite high US tariffs and persistent global uncertainty, according to industry body EEPC India.

Pankaj Chadha, Chairman, EEPC India, said in a statement, "Engineering shipments continued their remarkable growth run in January 2026. The provisional quick estimate shows engineering goods exports recorded 10.4% year-on-year growth in January 2026 to $10.40 billion as compared to $9.24 billion in January 2025. On a cumulative basis, engineering shipments grew 4.52% to $101.13 billion in the April-January period of 2025-26 as compared to $96.76 billion in the corresponding period of the previous year."

Chadha is of the view that these numbers are very encouraging, given that the growth has been recorded despite back-to-back challenges the exporting community has been facing. Apart from steady demands from some of the key countries, the product and market diversification strategy has contributed significantly to this growth.


"Indian Engineering Exports are poised to cross 120 billion dollars in the year 2025/2026. The export outlook remains strong for the coming months as India and the US are close to concluding an interim trade deal. This will give a major boost to the engineering sector, which has been reeling under high tariffs imposed by the Trump administration. The trade deal with the US would also allow the Indian engineering sector to regain competitiveness in the world's largest economy," he added.

EEPC India hopes that duties imposed by the US under Section 232 on steel and aluminium would also be eased going forward. "In all, there seems to be positive growth in both the short and medium run. The Indian government's timely support has always helped the engineering sector navigate tough times."