Team Goemkarponn
PANAJI: India’s engineering exports have achieved a historic milestone, rising from nearly USD 70 billion in FY 2014-15 to a record USD 122.43 billion in FY 2025-26, highlighting the remarkable progress of the country’s manufacturing and export ecosystem over the last twelve years. The achievement was showcased during an interaction between government representatives and members of the engineering export community in Goa.
The engineering sector has emerged as the backbone of India’s merchandise exports, steadily increasing its contribution from around one-fifth of total exports in FY 2015 to nearly 28 per cent in FY 2025-26. This sustained growth reflects the sector’s growing competitiveness, adaptability and ability to meet global demand despite challenging international conditions.
Over the years, Indian engineering products have expanded their reach across major markets, including North America, Europe and other advanced economies. The increasing acceptance of these products underscores improvements in quality standards, technological capabilities and manufacturing excellence.
The growth has come amid a complex global trade environment marked by geopolitical uncertainties, supply chain disruptions and fluctuating market conditions. Even so, Indian exporters have demonstrated resilience, supported by continuous policy measures and close coordination between industry stakeholders and government agencies.
A range of initiatives has helped strengthen the export ecosystem, including efforts to improve market access through trade agreements with key global partners. Programmes such as the Market Access Initiative Scheme, Production Linked Incentive Scheme, National Single Window System, Quality Control Orders and the One District One Product initiative have further enhanced India’s integration into global value chains.
The engineering sector has also recorded three consecutive years of record export performance, reaching USD 109.3 billion in FY 2023-24, USD 116.67 billion in FY 2024-25 and USD 122.43 billion in FY 2025-26.
India’s western region continues to play a pivotal role in this success story, contributing nearly 39 per cent of the nation’s engineering exports and generating USD 47.5 billion in export earnings during FY 2025-26. With continued reforms, improved digital trade infrastructure and stronger support for exporters, the sector is expected to remain a major driver of India’s economic growth and global trade ambitions.
