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Growth of Engineering Industry in India - Infographic

Latest update: December, 2017

  • Engineering exports from India grew 16.81 per cent to US$ 76,204.38 million in FY18 from US$ 65,239.19 million in FY17.
  • During FY08–FY18, engineering exports from India registered growth at a CAGR of 8.50 per cent
  • Engineering exports include transport equipment, capital goods, other machinery/equipment and light engineering products such as castings, forgings and fasteners.
  • Electrical equipment industry’s production for FY17 is estimated at US$ 23.64 billion
Growth

Notes: FY- Fiscal Year
Source: Reserve Bank of India, Engineering Export Promotion Council, Engineering Export monitoring report, Ministry of Commerce and Industry Estimates, Aranca Research

  • Cumulative FDI inflows into the engineering sector increased to US$ 3.39 billion in FY18* from US$ 0.89 billion in FY10
  • The government’s increasing focus on attracting foreign investors in manufacturing and infrastructure is likely to boost FDI in the sector
  • During FY 2010-17, there has been a 20.44 per cent rise in cumulative FDI flows into the Indian engineering industry.
  • In February 2017, the World Bank signed an agreement with the Government of India, for providing a loan of US$ 201.50 million, for facilitating development of infrastructure to impart quality engineering education across various states in India. The loan being a part of the Technical Education Quality Improvement Project (TEQIP III), is in the 3rd phase of 15-20 year programme, which begun in 2002
Growth

Notes: FY18* - up to December 2017
Source: Department of Industrial Policy and Promotion, Aranca Research

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