India’s engineering exports to China double

EEPC India said that India’s engineering exports to to China rose by 128% yoy to US$ 4.8 billion in the financial year 2020-21, despite the relations between the two countries hitting a trough after a skirmish in Galwan. This momentum continued in April this year.
Further, India’s engineering exports to 23 out of 25 key markets, including US, China, Germany and Italy showed a positive trend in the first month of FY21 amid overall growth in merchandise trade owing to low base of the previous year.