*Indian Engineering Exports: A Journey of Scale, Strength and Success (2014–2026) A Phenomenal Rise in Indian Engineering Exports Over 12 Years*
*June 8, 2026, Goa* : India’s transformational journey from being a USD 70 billion engineering-exporting nation in FY 2014-15 to USD 122.43 billion in FY 2025-26 is a powerful validation of this nation’s development and progress during the last 12 years. This was highlighted by the Department of Commerce, Ministry of Commerce and Industry, today in the presence of DGFT officials, at an EEPC India-organised session with members of the Engineering Exporter Community from the Western Region of India.
*Mr Vimal Anand, Joint Secretary, Department of Commerce, Ministry of Commerce and Industry, Government of India*, highlighted that the remarkable rise of India’s engineering exports over the past twelve years reflects the growing strength, competitiveness and resilience of the country’s manufacturing and export ecosystem. Engineering exports have expanded from around USD 70 billion in FY 2015 to USD 122.43 billion in FY 2026, while their share in India’s merchandise exports has steadily increased from about one-fifth of total exports to nearly 28 per cent, reaffirming the sector’s position as the largest contributor to the country’s merchandise export basket. He noted that this growth has been achieved despite an increasingly complex global trade environment marked by geopolitical uncertainties, supply chain disruptions and evolving market dynamics, underscoring the resilience and adaptability of Indian exporters.
He further observed that the engineering export basket has become increasingly diversified over the years, with Indian products establishing a strong presence across major global markets, including North America, the European Union and other advanced economies, reflecting the quality, reliability and global competitiveness of Indian engineering goods.
Emphasising that exports remain an important driver of economic growth, employment generation and integration into global value chains, he stated that the Government has adopted a proactive and consultative approach towards export promotion, maintaining continuous engagement with industry stakeholders to understand emerging challenges and respond through timely policy interventions.
He noted that the Government’s close engagement with exporters and industry associations proved particularly valuable during recent disruptions to trade routes and logistics networks arising from geopolitical developments in the West Asia region, enabling timely identification of challenges and facilitating appropriate support measures to ensure continuity of exports. This collaborative approach has enabled the Government to address sector-specific concerns and support exporters during periods of global disruptions while facilitating new opportunities for growth.
He further highlighted the Government’s sustained focus on improving market access for Indian exporters through FTAs with key partners, including the UK, EU, UAE, Australia, EFTA countries, to name a few, aimed at reducing trade barriers, enhancing the competitiveness of Indian products and expanding India’s participation in global value chains.
Complementing these efforts, initiatives such as the Market Access Initiative (MAI) Scheme, Brand India Engineering Campaign, Production Linked Incentive (PLI) Scheme, National Single Window System (NSWS), Quality Control Orders (QCOs) and the One District One Product (ODOP) Scheme have strengthened the export ecosystem and enhanced India’s position in global value chains. Together, these measures propelled Indian engineering exports to three consecutive years of record highs- USD 109.3 billion in FY24, USD 116.67 billion in FY25, and USD 122.43 billion in FY26.
*Mr Ashwin R Golapkar, Dy DGFT, RA Mumbai* elaborated on role of Government in bolstering the meteoric rise of Indian Engineering sector and in retaining the status of being the largest contributor to exchequer earnings from exports. Several path breaking policy interventions that have reshaped the export landscape were highlighted. The Export Promotion Mission (EPM), backed by an outlay of Rs. 25,060 crore for the period 2025–31, provides a unified digital export support framework through its Niryat Protsahan and Niryat Disha components. The Foreign Trade Policy (FTP) Reforms advocate a shift toward a district-driven, digital, and remission-based export ecosystem, with emphasis on e-commerce exports, MSME participation, and integration into global value chains. The DGFT Trade Connect Platform serves as a unified interface linking exporters with DGFT, Export Promotion Councils, Indian Missions, and EXIM Bank, enabling HS code-based FTA utilisation tracking and market access tools. These interventions including the Interest Equalisation Scheme and the Emergency Credit Line Guarantee Scheme (ECLGS) together provide collateral-free credit and affordable export finance, ensuring liquidity and working capital support for MSMEs.
*Mr Pankaj Chadha, Chairman, EEPC India* stated that the fundamentals of the domestic economy remain robust, with a strong external account, calibrated fiscal consolidation and stable private consumption. India has been one of the dynamic economies that gained greater presence in the space gradually vacated by developed countries. India’s engineering sector is one of the fastest-growing and most diverse industrial sectors in the country. Western region with contribution of nearly 39% in India’s total engineering exports continues to be a pillar of India’s export strength with USD 47.5 billion of engineering exports in 2025-26. He added that global trade momentum has faced headwinds from tightening financial conditions, slowing demand in advanced economies, and currency volatility. However, export volumes have remained resilient, buoyed by targeted government interventions, notably the RELIEF Scheme, aimed at offsetting high logistics and insurance costs, and interest subvention support for key sectors, which have provided critical assistance to exporters.
*Mr Aakash Shah, Vice Chairman, EEPC India,* congratulated the export propelling force created by the Government under the able leadership of Hon’ble Prime Minister which is paving the way to achieve the ambitious merchandise export target.
*Mr Adhip Mitra, Executive Director and Secretary, EEPC India,* thanked the Government of India for enabling this phenomenal journey and listed several export boosters that are poised to accelerate growth further. These include the Export Promotion Mission, the BharatTradeNet initiative- a digital public infrastructure for trade, expansion of credit guarantee cover with term loan limits of up to Rs. 20 crore for exporting MSMEs, and customs duty rationalisation and import tariff reforms that will help lower input costs for engineering exporters.
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