Rising metal prices push up engg exports

Iron and steel and products account for nearly 24% of engineering exports in the current financial year

The country’s high-value engineering exports have been growing at a much faster pace than overall exports. 

In November alone, engineering exports grew by a staggering 43.7 per cent. In April to November, they have grown by a healthy 22.4 per cent. By comparison, overall export growth was rather sluggish in the early months of the current financial year. Export growth only picked up in August. Over the financial year so far (April to November), overall exports have grown by only 12 per cent. 

So, what explains this rapid increase in engineering exports?

A detailed look at the export performance of various products under