India's July engineering exports see 3.66% boost, but Shipments to Bangladesh decline by 12%

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India's July engineering exports see 3.66% boost, but Shipments to Bangladesh decline by 12% - Economic Times

Quick Summary:

Engineering exports are expected to improve in the future as global forecasts for GDP growth remain at around 3% for 2024, says Arun Kumar Garodia, EEPC India Chairman.

Engineering exports to Bangladesh fell 11.8% year-on-year to $153.78 million in July 2024, against $174.35 million in July 2023.

Indian engineering exports continued their growth run for the third month to July 2024 albeit a lower 3.66% year-on-year growth as against over 10% in June 2024.