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June engineering goods exports rises by 52.4%
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SME Times News Bureau | 16 Jul, 2021
India's year-on-year engineering goods exports rose by 52.4 per cent during June 2021.
Similarly, exports of this segment last month recorded a growth of 41.9 per cent over the June 2019 level.
Engineering
exports, which rose to $6.27 billion in June 2019, and $5.84 billion in
June 2020, rose to $8.90 billion in June 2021.
"Cumulative
engineering exports during April-June 2021-22 were to the tune of
$24,772.6 million, witnessing a massive growth of 82 per cent vis-a-vis
April-June 2020-21, and growth of 24.8 per cent vis-a-vis April-June
2019-20," an official statement said.
"The panels which
registered significant growth of exports during April-June 2021
vis-a-vis April-June 2019 were copper and products, iron and steel, zinc
and products; aluminium and products, tin and products, two- and
three-wheeler, lead and products, and auto components or parts."
According
to statement, the automobile sector registered a growth of 1.7 per cent
in the first quarter of current year vis-a-vis same period of
2019-2020.
"With reference to the first quarter of 2020-21, the
growth in exports in the current year in the sector is seen to be 195
per cent."
"This is primarily due to sharp jump in exports of
two- and three-wheelers, motor vehicles or cars, and auto components and
parts."
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Import |
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US Dollar
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75.65 |
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